Cuban peso moroccan dirham exchange rate history (CUP MAD) August 2023

Cuban peso moroccan dirham history for August 2023. The highest quote for this month is 0.41717 (24/08/2023) and the lowest 0.41597 (20/08/2023). The difference between high and low is 0.29.

CUP MAD average rate for August 2023 is 0.40699, the change between 01/08/2023 and 31/08/2023 is +0.55 %.

01 August 2023	1 CUP = 0.4106 MAD
02 August 2023	1 CUP = 0.4112 MAD
03 August 2023	1 CUP = 0.4003 MAD
04 August 2023	1 CUP = 0.4098 MAD
07 August 2023	1 CUP = 0.3931 MAD
08 August 2023	1 CUP = 0.3975 MAD
09 August 2023	1 CUP = 0.3916 MAD
10 August 2023	1 CUP = 0.3927 MAD
11 August 2023	1 CUP = 0.3952 MAD
12 August 2023	1 CUP = 0.4112 MAD
14 August 2023	1 CUP = 0.3947 MAD
15 August 2023	1 CUP = 0.4111 MAD
16 August 2023	1 CUP = 0.4118 MAD
17 August 2023	1 CUP = 0.4128 MAD
18 August 2023	1 CUP = 0.4139 MAD
20 August 2023	1 CUP = 0.4160 MAD
21 August 2023	1 CUP = 0.3982 MAD
22 August 2023	1 CUP = 0.4161 MAD
23 August 2023	1 CUP = 0.4168 MAD
24 August 2023	1 CUP = 0.4168 MAD
25 August 2023	1 CUP = 0.4188 MAD
28 August 2023	1 CUP = 0.4052 MAD
29 August 2023	1 CUP = 0.4112 MAD
30 August 2023	1 CUP = 0.4099 MAD
31 August 2023	1 CUP = 0.4084 MAD

15/09/2021: Digitization of the Moroccan dirham

Morocco announced plans to digitize the dirham, introducing a central bank digital currency (CBDC) for financial transactions in the country.

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).

02/06/2014: Introduction of the fourth dirham

Another series of Moroccan dirham banknotes was issued, featuring new designs and enhanced security features.

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.

02/07/2005: Dirham's exchange rate floatation

Morocco moved to a floating exchange rate regime, allowing the dirham to fluctuate based on market forces.

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.

01/05/1999: Introduction of the third dirham

A new series of Moroccan dirham banknotes was introduced with enhanced security features.

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.

12/12/1980: Introduction of the second dirham

A new series of Moroccan dirham banknotes was issued to replace the first series.

17/10/1974: Adoption of the dirham as the currency

The Moroccan franc was replaced by the Moroccan dirham (MAD) as the official currency.

01/01/1961: Nationalization of Banks

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

26/11/1960: Introduction of the Moroccan franc (FRF)

The Moroccan franc was introduced as the official currency of Morocco.

Historic Cuban peso Moroccan dirham