Cuban peso egyptian pound exchange rate history (CUP EGP) December 2023

Cuban peso egyptian pound history for December 2023. The highest quote for this month is 1.2911 (19/12/2023) and the lowest 1.2965 (14/12/2023). The difference between high and low is -0.42.

CUP EGP average rate for December 2023 is 1.28611, the change between 01/12/2023 and 31/12/2023 is +0.45 %.

01 December 2023	1 CUP = 1.288 EGP
02 December 2023	1 CUP = 1.285 EGP
03 December 2023	1 CUP = 1.285 EGP
04 December 2023	1 CUP = 1.284 EGP
05 December 2023	1 CUP = 1.288 EGP
06 December 2023	1 CUP = 1.284 EGP
07 December 2023	1 CUP = 1.288 EGP
08 December 2023	1 CUP = 1.287 EGP
10 December 2023	1 CUP = 1.285 EGP
11 December 2023	1 CUP = 1.283 EGP
12 December 2023	1 CUP = 1.288 EGP
13 December 2023	1 CUP = 1.289 EGP
14 December 2023	1 CUP = 1.288 EGP
15 December 2023	1 CUP = 1.290 EGP
16 December 2023	1 CUP = 1.288 EGP
17 December 2023	1 CUP = 1.288 EGP
18 December 2023	1 CUP = 1.282 EGP
19 December 2023	1 CUP = 1.288 EGP
20 December 2023	1 CUP = 1.290 EGP
21 December 2023	1 CUP = 1.288 EGP
22 December 2023	1 CUP = 1.288 EGP
23 December 2023	1 CUP = 1.285 EGP
24 December 2023	1 CUP = 1.285 EGP
25 December 2023	1 CUP = 1.286 EGP
26 December 2023	1 CUP = 1.285 EGP
27 December 2023	1 CUP = 1.282 EGP
28 December 2023	1 CUP = 1.284 EGP
29 December 2023	1 CUP = 1.282 EGP

01/01/2021: End of Monetary Dualism

The Cuban government completed the currency unification process, eliminating the convertible peso (CUC) and establishing a single currency system with the Cuban peso (CUP).

03/11/2020: Economic Impact of COVID-19

The COVID-19 pandemic caused economic disruptions globally, affecting the Egyptian Pound's exchange rate and foreign reserves.

20/12/2013: Currency Unification Implementation

The Cuban government officially started the process of currency unification, gradually phasing out the convertible peso (CUC) and improving monetary policy.

25/10/2011: Currency Unification Announced

The Cuban government announced plans to eliminate the dual currency system and unify the CUP and CUC.

08/12/2004: Elimination of US Dollar Circulation

The Cuban government announced the withdrawal of the US dollar as legal tender and introduced the convertible peso (CUC) as a replacement.

14/11/1999: Liberalization of Exchange Rate

The Egyptian government implemented a managed float exchange rate system, allowing the Pound to fluctuate based on market forces.

07/12/1994: Dollarization Decree

Cubans were allowed to hold and transact in foreign currencies, primarily the US dollar, to counter the economic crisis.

01/08/1994: Special Period

The Cuban economy faced a severe crisis due to the collapse of the Soviet Union, leading to currency devaluation and economic reforms.

12/08/1987: Introduction of New Egyptian Pound

A new Egyptian Pound banknote was introduced to combat counterfeiting and improve security features.

14/09/1962: Devaluation of the Pound

The Egyptian government devalued the Pound by 55%, leading to a significant decrease in its value.

01/01/1961: Nationalization of Banks

The Cuban government nationalized all private and foreign-owned banks, including their currency holdings.

23/07/1952: Overthrow of the Monarchy

The Egyptian monarchy was overthrown, leading to political and economic changes that affected the value of the Egyptian Pound.

02/05/1885: Establishment of Central Bank of Egypt

The Central Bank of Egypt was established to regulate the currency and banking system in Egypt.

29/07/1834: Introduction of Egyptian Pound

The Egyptian Pound was introduced as the official currency of Egypt, replacing the piastre.

Historic Cuban peso Egyptian Pound