Historic Cuban peso Norwegian krone

Cuban peso norwegian krone history for December 2023. The highest quote for this month is 0.45921 (12/12/2023) and the lowest 0.45544 (13/12/2023). The difference between high and low is 0.82.

CUP NOK average rate for December 2023 is 0.43983, the change between 01/12/2023 and 31/12/2023 is +6.25 %.

01 December 20231 CUP = 0.4507 NOK
04 December 20231 CUP = 0.4449 NOK
05 December 20231 CUP = 0.4518 NOK
06 December 20231 CUP = 0.4558 NOK
07 December 20231 CUP = 0.4570 NOK
08 December 20231 CUP = 0.4530 NOK
09 December 20231 CUP = 0.4543 NOK
10 December 20231 CUP = 0.4543 NOK
11 December 20231 CUP = 0.4538 NOK
12 December 20231 CUP = 0.4566 NOK
13 December 20231 CUP = 0.4570 NOK
14 December 20231 CUP = 0.4493 NOK
15 December 20231 CUP = 0.4381 NOK
18 December 20231 CUP = 0.4342 NOK
19 December 20231 CUP = 0.4336 NOK
20 December 20231 CUP = 0.4283 NOK
21 December 20231 CUP = 0.4314 NOK
22 December 20231 CUP = 0.4285 NOK
23 December 20231 CUP = 0.4248 NOK
24 December 20231 CUP = 0.4248 NOK
25 December 20231 CUP = 0.4239 NOK
26 December 20231 CUP = 0.4238 NOK
27 December 20231 CUP = 0.4221 NOK
28 December 20231 CUP = 0.4213 NOK
29 December 20231 CUP = 0.4225 NOK

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).

30/10/2016: Withdrawal of the 1000-krone banknote

The Norges Bank phased out the 1000-krone banknote, as part of efforts to combat money laundering and reduce the use of cash in the economy.

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.

01/01/1999: Creation of the euro

Several European countries introduced the euro as a common currency, but Norway chose to maintain the krone, cementing its separate monetary path.

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.

19/11/1992: Norway rejects European Union membership

In a referendum, Norway voted against joining the European Union, reaffirming its independent monetary policy and keeping the krone outside the eurozone.

01/01/1961: Nationalization of Banks

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

22/10/1931: Devaluation of the krone

To counter the effects of the Great Depression, Norway devalued the krone by 14%, aiming to boost exports and stimulate the economy.

01/11/1920: Krone's return to the gold standard

Following the end of World War I, Norway reintroduced the gold standard for the krone, stabilizing its value and restoring confidence in the currency.

02/08/1914: Suspension of krone's gold standard

Due to the outbreak of World War I, Norway suspended the krone's convertibility into gold, allowing for more flexibility in monetary policy during the war.

27/10/1875: The introduction of the krone currency

The krone was established as the official currency of Norway, replacing the previous speciedaler, marking a significant milestone in the country's monetary history.