Cuban peso iranian rial exchange rate history (CUP IRR) December 2023

Cuban peso iranian rial history for December 2023. The highest quote for this month is 1753.95 (19/12/2023) and the lowest 1771.4 (14/12/2023). The difference between high and low is -0.99.

CUP IRR average rate for December 2023 is 1750.61357, the change between 01/12/2023 and 31/12/2023 is +0.44 %.

01 December 2023	1 CUP = 1751.84 IRR
02 December 2023	1 CUP = 1750.00 IRR
03 December 2023	1 CUP = 1750.00 IRR
04 December 2023	1 CUP = 1750.82 IRR
05 December 2023	1 CUP = 1751.07 IRR
06 December 2023	1 CUP = 1753.20 IRR
07 December 2023	1 CUP = 1750.64 IRR
08 December 2023	1 CUP = 1750.73 IRR
10 December 2023	1 CUP = 1750.00 IRR
11 December 2023	1 CUP = 1750.12 IRR
12 December 2023	1 CUP = 1750.45 IRR
13 December 2023	1 CUP = 1751.94 IRR
14 December 2023	1 CUP = 1751.83 IRR
15 December 2023	1 CUP = 1752.60 IRR
16 December 2023	1 CUP = 1750.00 IRR
17 December 2023	1 CUP = 1750.00 IRR
18 December 2023	1 CUP = 1742.60 IRR
19 December 2023	1 CUP = 1752.12 IRR
20 December 2023	1 CUP = 1753.43 IRR
21 December 2023	1 CUP = 1753.05 IRR
22 December 2023	1 CUP = 1753.47 IRR
23 December 2023	1 CUP = 1750.00 IRR
24 December 2023	1 CUP = 1750.00 IRR
25 December 2023	1 CUP = 1750.06 IRR
26 December 2023	1 CUP = 1751.10 IRR
27 December 2023	1 CUP = 1748.88 IRR
28 December 2023	1 CUP = 1753.12 IRR
29 December 2023	1 CUP = 1744.11 IRR

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).

23/02/2020: COVID-19 Pandemic's Impact on the Iranian Rial

The COVID-19 pandemic, along with economic challenges, caused further depreciation of the Iranian Rial (IRR) against major currencies.

10/04/2018: Revaluation of the Iranian Rial

Iran's government announced a new currency exchange rate, devaluing the Iranian Rial (IRR) against foreign currencies.

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.

24/09/2012: Imposition of International Sanctions on Iran

International sanctions were imposed on Iran, leading to a significant decline in the value of the Iranian Rial (IRR).

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.

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.

24/05/1989: Introduction of the Two-Tier Exchange Rate System

Iran implemented a two-tier exchange rate system, with different rates for essential goods and non-essential imports.

26/10/1975: Floating of the Iranian Rial

The Iranian Rial (IRR) was allowed to float against foreign currencies, marking the end of the fixed exchange rate system.

01/01/1961: Nationalization of Banks

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

01/09/1957: Decimalization of the Iranian Rial

The Iranian Rial (IRR) was decimalized, dividing one Toman into 10 Rials to simplify the currency system.

01/04/1932: Introduction of the Iranian Rial

The Iranian Rial (IRR) was introduced as the official currency of Iran after replacing the Qiran.

Historic Cuban peso Iranian Rial