Historic Cuban peso Arab Emirates Dirham

Cuban peso arab emirates dirham history for February 2024. The highest quote for this month is 0.15328 (15/02/2024) and the lowest 0.15408 (02/02/2024). The difference between high and low is -0.52.

CUP AED average rate for February 2024 is 0.15312, the change between 01/02/2024 and 29/02/2024 is -0.03 %.

01 February 20241 CUP = 0.1535 AED
02 February 20241 CUP = 0.1532 AED
03 February 20241 CUP = 0.1530 AED
04 February 20241 CUP = 0.1530 AED
05 February 20241 CUP = 0.1518 AED
06 February 20241 CUP = 0.1530 AED
07 February 20241 CUP = 0.1531 AED
08 February 20241 CUP = 0.1532 AED
09 February 20241 CUP = 0.1531 AED
11 February 20241 CUP = 0.1530 AED
12 February 20241 CUP = 0.1533 AED
13 February 20241 CUP = 0.1532 AED
14 February 20241 CUP = 0.1532 AED
15 February 20241 CUP = 0.1532 AED
16 February 20241 CUP = 0.1532 AED
17 February 20241 CUP = 0.1530 AED
18 February 20241 CUP = 0.1530 AED
19 February 20241 CUP = 0.1532 AED
20 February 20241 CUP = 0.1532 AED
21 February 20241 CUP = 0.1532 AED
22 February 20241 CUP = 0.1532 AED
23 February 20241 CUP = 0.1532 AED
24 February 20241 CUP = 0.1530 AED
25 February 20241 CUP = 0.1530 AED
26 February 20241 CUP = 0.1533 AED
27 February 20241 CUP = 0.1532 AED
28 February 20241 CUP = 0.1532 AED
29 February 20241 CUP = 0.1535 AED

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).

17/06/2018: Introduction of New Banknotes

A new series of UAE dirham banknotes, featuring enhanced durability, 3D security features, and tactile marks for visually impaired individuals, is introduced.

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.

01/01/2007: Security Enhancements

New security features, including holograms and advanced anti-counterfeiting measures, are added to the UAE dirham banknotes.

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.

01/12/2002: Introduction of Modern Coinage

A new series of UAE dirham coins, featuring modern designs and security features, is introduced.

20/03/1995: Currency Peg to US Dollar

The UAE dirham is pegged to the United States dollar at a fixed exchange rate of 1 USD to 3.6725 AED.

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.

01/01/1978: Currency Issuance Authority

The UAE Currency Issuing Authority is established, granting the authority to issue and manage the UAE dirham.

28/01/1973: Decoupling from Pound Sterling

The UAE dirham is officially decoupled from the British pound sterling and a new exchange rate is set.

02/12/1971: Formation of UAE

The United Arab Emirates is formed, resulting in the introduction of the UAE dirham as its official currency.

01/01/1961: Nationalization of Banks

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