Historic Cuban peso Macedonian Denar

Cuban peso macedonian denar history for March 2024. The highest quote for this month is 2.3604 (03/03/2024) and the lowest 2.3604 (03/03/2024). The difference between high and low is 0.

CUP MKD average rate for March 2024 is 2.34144, the change between 01/03/2024 and 31/03/2024 is +0.71 %.

01 March 20241 CUP = 2.360 MKD
03 March 20241 CUP = 2.360 MKD
04 March 20241 CUP = 2.338 MKD
05 March 20241 CUP = 2.349 MKD
06 March 20241 CUP = 2.330 MKD
07 March 20241 CUP = 2.341 MKD
08 March 20241 CUP = 2.341 MKD
10 March 20241 CUP = 2.338 MKD
11 March 20241 CUP = 2.313 MKD
12 March 20241 CUP = 2.343 MKD

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).

01/07/2020: Euro as legal tender

North Macedonia officially adopted the Euro as its currency, replacing the Macedonian Denar for all monetary transactions.

15/05/2018: Denar's symbol adoption

The official symbol for the Macedonian Denar (den) was adopted, representing the currency in both domestic and international transactions.

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.

10/10/2005: Denar's full Euro peg

The Macedonian Denar was fully pegged to the Euro at a fixed exchange rate of 61.5 Denars to 1 Euro.

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.

29/04/2003: Replacement of banknotes

New series of banknotes with enhanced security features were introduced, replacing the older versions.

05/11/2001: Denar's devaluation

Due to the political crisis in Macedonia, the Denar underwent a significant devaluation, losing around 40% of its value against the Euro.

15/05/1995: Denar's peg to the German Mark

The Macedonian Denar was pegged to the German Mark at a rate of 1 Denar to 1.5 Deutsche Mark, establishing a stable exchange rate.

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.

26/11/1992: Introduction of the Macedonian Denar

The Macedonian Denar was introduced as the official currency of the Republic of Macedonia following its declaration of independence from Yugoslavia.

01/01/1961: Nationalization of Banks

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