Mongolian Tugrik cuban peso exchange rate history (MNT CUP) December 2023

Mongolian Tugrik cuban peso history for December 2023. The highest quote for this month is 0.007058 (18/12/2023) and the lowest 0.007036 (26/12/2023). The difference between high and low is 0.31.

MNT CUP average rate for December 2023 is 0.00701, the change between 01/12/2023 and 31/12/2023 is -1.15 %.

01 December 2023	1 MNT = 0.0070 CUP
02 December 2023	1 MNT = 0.0070 CUP
03 December 2023	1 MNT = 0.0070 CUP
04 December 2023	1 MNT = 0.0070 CUP
05 December 2023	1 MNT = 0.0070 CUP
06 December 2023	1 MNT = 0.0070 CUP
07 December 2023	1 MNT = 0.0070 CUP
08 December 2023	1 MNT = 0.0070 CUP
10 December 2023	1 MNT = 0.0070 CUP
11 December 2023	1 MNT = 0.0070 CUP
12 December 2023	1 MNT = 0.0070 CUP
13 December 2023	1 MNT = 0.0070 CUP
14 December 2023	1 MNT = 0.0070 CUP
15 December 2023	1 MNT = 0.0070 CUP
16 December 2023	1 MNT = 0.0070 CUP
17 December 2023	1 MNT = 0.0070 CUP
18 December 2023	1 MNT = 0.0070 CUP
19 December 2023	1 MNT = 0.0070 CUP
20 December 2023	1 MNT = 0.0070 CUP
21 December 2023	1 MNT = 0.0070 CUP
22 December 2023	1 MNT = 0.0070 CUP
23 December 2023	1 MNT = 0.0070 CUP
24 December 2023	1 MNT = 0.0070 CUP
26 December 2023	1 MNT = 0.0070 CUP
27 December 2023	1 MNT = 0.0070 CUP
28 December 2023	1 MNT = 0.0070 CUP
29 December 2023	1 MNT = 0.0071 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).

01/01/2017: Floating Exchange Rate Regime

Mongolia adopts a fully floating exchange rate regime for the Tugrik, allowing the currency's value to be determined by market forces without intervention from the central bank.

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.

26/06/2009: Currency Redenomination

Mongolia redenominates its currency, replacing the old Tugrik banknotes with new ones at a ratio of 1 to 1000, in an effort to simplify transactions and reduce inflation.

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.

06/03/1993: Mongolia Joins IMF

Mongolia becomes a member of the International Monetary Fund (IMF), influencing monetary policies and further shaping the development of the Tugrik currency.

01/07/1992: Tugrik Exchange Rate Liberalization

Mongolia liberalizes the exchange rate of the Tugrik, allowing it to fluctuate based on market forces and paving the way for a more flexible currency system.

21/12/1991: Transition to Market Economy

Mongolia undergoes a transition from a centrally planned economy to a market economy, leading to major changes in the Tugrik currency system.

01/01/1961: Nationalization of Banks

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

04/07/1946: Mongolian People's Bank Established

The Mongolian People's Bank is established as the central bank of Mongolia, responsible for issuing and managing the Tugrik currency.

01/12/1925: Introduction of the Tugrik Currency

Mongolia officially introduces the Tugrik as its national currency, replacing the previous currency system.

Historic Mongolian Tugrik Cuban peso