Historic Cuban peso Saudi riyal

Cuban peso saudi riyal history for February 2024. The highest quote for this month is 0.15645 (12/02/2024) and the lowest 0.15715 (02/02/2024). The difference between high and low is -0.45.

CUP SAR average rate for February 2024 is 0.15621, the change between 01/02/2024 and 29/02/2024 is -0.05 %.

01 February 20241 CUP = 0.1565 SAR
02 February 20241 CUP = 0.1563 SAR
03 February 20241 CUP = 0.1562 SAR
04 February 20241 CUP = 0.1562 SAR
05 February 20241 CUP = 0.1550 SAR
06 February 20241 CUP = 0.1561 SAR
07 February 20241 CUP = 0.1561 SAR
08 February 20241 CUP = 0.1562 SAR
09 February 20241 CUP = 0.1562 SAR
12 February 20241 CUP = 0.1564 SAR
13 February 20241 CUP = 0.1563 SAR
14 February 20241 CUP = 0.1562 SAR
15 February 20241 CUP = 0.1563 SAR
16 February 20241 CUP = 0.1563 SAR
18 February 20241 CUP = 0.1562 SAR
19 February 20241 CUP = 0.1562 SAR
20 February 20241 CUP = 0.1563 SAR
21 February 20241 CUP = 0.1562 SAR
22 February 20241 CUP = 0.1562 SAR
23 February 20241 CUP = 0.1563 SAR
24 February 20241 CUP = 0.1562 SAR
25 February 20241 CUP = 0.1562 SAR
26 February 20241 CUP = 0.1564 SAR
27 February 20241 CUP = 0.1563 SAR
28 February 20241 CUP = 0.1563 SAR
29 February 20241 CUP = 0.1566 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.
CUP SAR December 2023
CUP SAR January 2024
CUP SAR February 2024
CUP SAR March 2024
CUP SAR April 2024
CUP SAR May 2024
CUP SAR June 2024
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CUP SAR August 2024
CUP SAR September 2024
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CUP SAR November 2024
CUP SAR December 2024