Historic Cuban peso Pakistani rupee

Cuban peso pakistani rupee history for January 2024. The highest quote for this month is 11.739 (02/01/2024) and the lowest 11.734 (06/01/2024). The difference between high and low is 0.04.

CUP PKR average rate for January 2024 is 11.65468, the change between 01/01/2024 and 31/01/2024 is -0.83 %.

01 January 20241 CUP = 11.54 PKR
02 January 20241 CUP = 11.54 PKR
03 January 20241 CUP = 11.74 PKR
04 January 20241 CUP = 11.75 PKR
05 January 20241 CUP = 11.73 PKR
06 January 20241 CUP = 11.73 PKR
07 January 20241 CUP = 11.73 PKR
08 January 20241 CUP = 11.54 PKR
09 January 20241 CUP = 11.72 PKR
10 January 20241 CUP = 11.67 PKR
11 January 20241 CUP = 11.72 PKR
12 January 20241 CUP = 11.67 PKR
13 January 20241 CUP = 11.72 PKR
14 January 20241 CUP = 11.68 PKR
15 January 20241 CUP = 11.50 PKR
16 January 20241 CUP = 11.63 PKR
17 January 20241 CUP = 11.63 PKR
18 January 20241 CUP = 11.65 PKR
19 January 20241 CUP = 11.65 PKR
22 January 20241 CUP = 11.62 PKR
23 January 20241 CUP = 11.65 PKR
24 January 20241 CUP = 11.67 PKR
25 January 20241 CUP = 11.66 PKR
26 January 20241 CUP = 11.64 PKR
28 January 20241 CUP = 11.65 PKR
29 January 20241 CUP = 11.60 PKR
30 January 20241 CUP = 11.65 PKR
31 January 20241 CUP = 11.64 PKR

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).

16/07/2019: IMF Bailout Package

Pakistan reached an agreement with the IMF for a three-year, $6 billion bailout package to address its balance of payments crisis, affecting the value of the Pakistani rupee.

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.

11/12/2013: IMF Loan Program

Pakistan signed a loan agreement with the International Monetary Fund (IMF) to stabilize its economy, resulting in devaluation of the Pakistani rupee.

25/10/2011: Currency Unification Announced

The Cuban government announced plans to eliminate the dual currency system and unify the CUP and CUC.

01/12/2008: Global Financial Crisis

The global financial crisis led to a depreciation of the Pakistani rupee against major international currencies due to economic instability.

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.

28/05/1999: Introduction of State Bank of Pakistan

The State Bank of Pakistan was given full autonomous control over the monetary policy, which had a significant impact on the value of the Pakistani rupee.

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.

16/12/1971: Separation of East Pakistan

Following the separation of East Pakistan and the formation of Bangladesh, the Pakistani rupee underwent a major devaluation.

01/01/1961: Nationalization of Banks

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

01/07/1955: Replacement of Indian Rupee

The Pakistani rupee replaced the Indian rupee as the official currency of Pakistan after the two countries separated.

17/08/1947: Independence of Pakistan

The Pakistani rupee was introduced as the official currency of Pakistan after the country gained independence from British rule.
CUP PKR July 2023
CUP PKR August 2023
CUP PKR September 2023
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CUP PKR January 2024
CUP PKR February 2024
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CUP PKR June 2024
CUP PKR July 2024