Libyan dinar cuban peso exchange rate history (LYD CUP) October 2023

Libyan dinar cuban peso history for October 2023. The highest quote for this month is 4.9407 (12/10/2023) and the lowest 4.9499 (25/10/2023). The difference between high and low is -0.19.

LYD CUP average rate for October 2023 is 4.9218, the change between 01/10/2023 and 31/10/2023 is +0.05 %.

01 October 2023	1 LYD = 4.921 CUP
02 October 2023	1 LYD = 4.933 CUP
03 October 2023	1 LYD = 4.925 CUP
04 October 2023	1 LYD = 4.904 CUP
05 October 2023	1 LYD = 4.897 CUP
06 October 2023	1 LYD = 4.912 CUP
07 October 2023	1 LYD = 4.912 CUP
09 October 2023	1 LYD = 4.924 CUP
10 October 2023	1 LYD = 4.929 CUP
11 October 2023	1 LYD = 4.935 CUP
12 October 2023	1 LYD = 4.943 CUP
13 October 2023	1 LYD = 4.933 CUP
16 October 2023	1 LYD = 4.946 CUP
17 October 2023	1 LYD = 4.914 CUP
18 October 2023	1 LYD = 4.916 CUP
19 October 2023	1 LYD = 4.926 CUP
20 October 2023	1 LYD = 4.921 CUP
21 October 2023	1 LYD = 4.911 CUP
22 October 2023	1 LYD = 4.911 CUP
23 October 2023	1 LYD = 4.922 CUP
24 October 2023	1 LYD = 4.910 CUP
25 October 2023	1 LYD = 4.943 CUP
26 October 2023	1 LYD = 4.932 CUP
27 October 2023	1 LYD = 4.933 CUP
28 October 2023	1 LYD = 4.909 CUP
29 October 2023	1 LYD = 4.909 CUP
30 October 2023	1 LYD = 4.921 CUP
31 October 2023	1 LYD = 4.919 CUP

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).

06/09/2018: Announcement of new dinar notes

The Central Bank of Libya announces the release of new dinar banknotes with enhanced security features to combat counterfeiting.

28/07/2014: Recognition of rival governments

The Libyan Supreme Court recognizes two rival governments, further fragmenting the country and impacting the value of the dinar.

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.

17/02/2011: Start of the Libyan Civil War

The Libyan Civil War begins, leading to political instability and further devaluation of the Libyan dinar.

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.

07/04/1986: US imposes economic sanctions

The United States imposes economic sanctions on Libya, severely impacting the value and stability of the Libyan dinar.

02/03/1978: Establishment of the Central Bank of Libya

The Central Bank of Libya is established, becoming the sole authority responsible for issuing and managing the Libyan dinar.

08/09/1971: Introduction of the Libyan dinar

The Libyan pound is replaced by the Libyan dinar, at a rate of 1 dinar = 1 pound.

01/01/1961: Nationalization of Banks

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

24/12/1951: Independence of Libya

Libya gains independence from Italy, introducing the Libyan pound as its currency.

Historic Libyan dinar Cuban peso