Cuban peso united states dollar history for July 2023. The highest quote for this month is 0.041689 (31/07/2023) and the lowest 0.041826 (31/07/2023). The difference between high and low is -0.33.
CUP USD average rate for July 2023 is 0.04177, the change between 01/07/2023 and 31/07/2023 is -0.43 %.
| 05 July 2023 | 1 CUP = 0.0417 USD |
| 25 July 2023 | 1 CUP = 0.0417 USD |
| 31 July 2023 | 1 CUP = 0.0419 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.