Historic Cuban peso Nicaraguan córdoba

Cuban peso nicaraguan córdoba history for November 2023. The highest quote for this month is 1.5233 (21/11/2023) and the lowest 1.5078 (17/11/2023). The difference between high and low is 1.02.

CUP NIO average rate for November 2023 is 1.51476, the change between 01/11/2023 and 30/11/2023 is -0.01 %.

01 November 20231 CUP = 1.519 NIO
02 November 20231 CUP = 1.521 NIO
03 November 20231 CUP = 1.507 NIO
06 November 20231 CUP = 1.507 NIO
07 November 20231 CUP = 1.517 NIO
08 November 20231 CUP = 1.518 NIO
09 November 20231 CUP = 1.516 NIO
10 November 20231 CUP = 1.517 NIO
13 November 20231 CUP = 1.507 NIO
14 November 20231 CUP = 1.515 NIO
15 November 20231 CUP = 1.518 NIO
16 November 20231 CUP = 1.516 NIO
17 November 20231 CUP = 1.516 NIO
20 November 20231 CUP = 1.508 NIO
21 November 20231 CUP = 1.523 NIO
22 November 20231 CUP = 1.519 NIO
23 November 20231 CUP = 1.508 NIO
24 November 20231 CUP = 1.508 NIO
27 November 20231 CUP = 1.508 NIO
28 November 20231 CUP = 1.519 NIO
29 November 20231 CUP = 1.519 NIO
30 November 20231 CUP = 1.519 NIO

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).

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.

20/11/2009: Resumption of issuing Córdoba coins

The Central Bank resumed issuing córdoba coins, reintroducing denominations of 10, 25, and 50 centavos, and 1 córdoba.

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.

01/01/2001: Dollarization

Nicaragua adopted the US dollar as its official currency, effectively ending the era of the Nicaraguan córdoba as the national currency.

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.

04/07/1991: Currency control and unification

The government implemented currency control measures, unifying the exchange rate at 5 córdobas oro per US dollar.

25/04/1991: Córdoba Oro becomes legal tender

The Córdoba Oro was declared as the only legal tender in Nicaragua, replacing the old cordoba.

01/02/1988: Introduction of the Córdoba Oro Currencies

The government introduced the Córdoba Oro as a new currency, replacing the previous currency, with an initial rate of 1 córdoba oro = 1,000 córdobas.

01/01/1961: Nationalization of Banks

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

01/03/1932: Córdoba de Oro established

The Córdoba de Oro was introduced, replacing the previous córdoba at a rate of 10,000 to 1.

20/10/1912: Introduction of the Nicaraguan córdoba

The Nicaraguan córdoba was introduced as the official currency of Nicaragua, replacing the peso at a rate of 12.5 córdobas per US dollar.