Historic Cuban peso United States dollar

Cuban peso united states dollar history for January 2024. The highest quote for this month is 0.041736 (08/01/2024) and the lowest 0.041841 (08/01/2024). The difference between high and low is -0.25.

CUP USD average rate for January 2024 is 0.0417, the change between 01/01/2024 and 31/01/2024 is -0.2 %.

01 January 20241 CUP = 0.0416 USD
02 January 20241 CUP = 0.0416 USD
03 January 20241 CUP = 0.0417 USD
04 January 20241 CUP = 0.0418 USD
05 January 20241 CUP = 0.0417 USD
06 January 20241 CUP = 0.0417 USD
07 January 20241 CUP = 0.0417 USD
08 January 20241 CUP = 0.0418 USD
09 January 20241 CUP = 0.0417 USD
10 January 20241 CUP = 0.0417 USD
11 January 20241 CUP = 0.0417 USD
12 January 20241 CUP = 0.0417 USD
13 January 20241 CUP = 0.0417 USD
14 January 20241 CUP = 0.0417 USD
15 January 20241 CUP = 0.0418 USD
16 January 20241 CUP = 0.0418 USD
17 January 20241 CUP = 0.0417 USD
18 January 20241 CUP = 0.0417 USD
19 January 20241 CUP = 0.0417 USD
20 January 20241 CUP = 0.0417 USD
21 January 20241 CUP = 0.0417 USD
22 January 20241 CUP = 0.0417 USD
23 January 20241 CUP = 0.0417 USD
24 January 20241 CUP = 0.0417 USD
25 January 20241 CUP = 0.0417 USD
26 January 20241 CUP = 0.0417 USD
27 January 20241 CUP = 0.0417 USD
28 January 20241 CUP = 0.0417 USD
29 January 20241 CUP = 0.0417 USD
30 January 20241 CUP = 0.0417 USD
31 January 20241 CUP = 0.0417 USD

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).

20/12/2013: 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.

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.

01/01/1961: Nationalization of Banks

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