Cuban peso saudi riyal exchange rate history (CUP SAR) December 2023

Cuban peso saudi riyal history for December 2023. The highest quote for this month is 0.15681 (04/12/2023) and the lowest 0.15789 (14/12/2023). The difference between high and low is -0.69.

CUP SAR average rate for December 2023 is 0.15618, the change between 01/12/2023 and 31/12/2023 is +0.54 %.

01 December 2023	1 CUP = 0.1563 SAR
03 December 2023	1 CUP = 0.1562 SAR
04 December 2023	1 CUP = 0.1564 SAR
05 December 2023	1 CUP = 0.1562 SAR
06 December 2023	1 CUP = 0.1563 SAR
07 December 2023	1 CUP = 0.1560 SAR
08 December 2023	1 CUP = 0.1562 SAR
10 December 2023	1 CUP = 0.1562 SAR
11 December 2023	1 CUP = 0.1562 SAR
12 December 2023	1 CUP = 0.1561 SAR
13 December 2023	1 CUP = 0.1563 SAR
14 December 2023	1 CUP = 0.1563 SAR
15 December 2023	1 CUP = 0.1564 SAR
16 December 2023	1 CUP = 0.1562 SAR
17 December 2023	1 CUP = 0.1562 SAR
18 December 2023	1 CUP = 0.1556 SAR
19 December 2023	1 CUP = 0.1563 SAR
20 December 2023	1 CUP = 0.1564 SAR
21 December 2023	1 CUP = 0.1563 SAR
22 December 2023	1 CUP = 0.1563 SAR
23 December 2023	1 CUP = 0.1562 SAR
24 December 2023	1 CUP = 0.1562 SAR
25 December 2023	1 CUP = 0.1563 SAR
26 December 2023	1 CUP = 0.1562 SAR
27 December 2023	1 CUP = 0.1562 SAR
28 December 2023	1 CUP = 0.1563 SAR
29 December 2023	1 CUP = 0.1554 SAR

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).

20/05/2018: SAMA grants licenses for full-fledged digital banks

SAMA issued licenses to two banks for providing digital banking services, reflecting a shift towards digitalization in the financial sector.

21/12/2016: Saudi Arabia introduces the SAR 200 note

A new 200 riyal banknote was introduced, featuring a portrait of King Abdullah bin Abdulaziz Al Saud.

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.

20/12/2003: Launch of Riyal Interbank Express (SARIE)

SAMA launched SARIE, a real-time gross settlement system, improving interbank transactions and money transfers.

27/05/1997: Introduction of Saudi Arabian Monetary Agency new design series

SAMA introduced a new series of banknotes with enhanced security features to combat counterfeiting.

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.

30/06/1986: Saudi riyal pegged to the US dollar at 3.75 SAR per USD

Saudi Arabia pegged its currency to the USD, ensuring stability and ease of trade with international partners.

01/01/1961: Nationalization of Banks

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

01/03/1952: Introduction of Saudi Arabian Monetary Agency (SAMA)

SAMA was established as the central bank of Saudi Arabia, responsible for issuing and managing the Saudi riyal.

23/09/1932: Establishment of the Kingdom of Saudi Arabia

The Saudi riyal currency was introduced following the unification of the Kingdom under King Abdulaziz Al Saud.

Historic Cuban peso Saudi riyal