Historic Cuban peso United States dollar

Cuban peso united states dollar history for March 2024. The highest quote for this month is 0.041727 (07/03/2024) and the lowest 0.041921 (08/03/2024). The difference between high and low is -0.46.

CUP USD average rate for March 2024 is 0.04172, the change between 01/03/2024 and 31/03/2024 is +0.06 %.

01 March 20241 CUP = 0.0417 USD
02 March 20241 CUP = 0.0417 USD
03 March 20241 CUP = 0.0417 USD
04 March 20241 CUP = 0.0419 USD
05 March 20241 CUP = 0.0417 USD
06 March 20241 CUP = 0.0417 USD
07 March 20241 CUP = 0.0417 USD
08 March 20241 CUP = 0.0419 USD
09 March 20241 CUP = 0.0417 USD
10 March 20241 CUP = 0.0417 USD
11 March 20241 CUP = 0.0418 USD
12 March 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.