In response to Cuba’s volatile economic situation, El Toque, an exiled independent news outlet, has developed a cutting-edge AI-powered currency exchange rate calculator, becoming a critical tool for Cuban citizens. Cuba’s financial instability, marked by inflation and a dual-currency system, has left many without access to reliable exchange rates, especially within the island’s informal economy. With government restrictions on official rates and limited access to dollars, Cubans have turned to informal markets for currency exchanges, often navigating a confusing, fluctuating market with little information.
El Toque’s innovative solution addresses this gap, offering real-time updates on the informal exchange rate through AI models that analyze user-reported data. The tool not only provides transparency in a chaotic financial system but also helps everyday Cubans manage essential transactions, such as purchasing goods, securing remittances from abroad, or converting currency for travel.
This AI-driven initiative reflects the broader role that El Toque has taken as a key player in offering vital services that go beyond traditional journalism. Operating from outside Cuba, the outlet is positioned as an independent source of uncensored news and economic insights, contributing significantly to the Cuban diaspora and those on the island. By offering solutions like the exchange rate calculator, El Toque is playing an instrumental role in navigating Cuba’s complex financial reality and helping citizens make informed economic decisions.
As Cuban citizens struggle to find stability in a shifting economy, El Toque continues to demonstrate how media in exile can innovate and directly support their communities in profound and practical ways.
Created with information from: Nieman Lab
