Historic Pakistani rupee Cuban peso

Pakistani rupee cuban peso history for January 2024. The highest quote for this month is 0.086623 (01/01/2024) and the lowest 0.087323 (30/01/2024). The difference between high and low is -0.81.

PKR CUP average rate for January 2024 is 0.08581, the change between 01/01/2024 and 31/01/2024 is +0.82 %.

01 January 20241 PKR = 0.0866 CUP
02 January 20241 PKR = 0.0866 CUP
03 January 20241 PKR = 0.0852 CUP
04 January 20241 PKR = 0.0851 CUP
05 January 20241 PKR = 0.0852 CUP
06 January 20241 PKR = 0.0852 CUP
07 January 20241 PKR = 0.0853 CUP
08 January 20241 PKR = 0.0867 CUP
09 January 20241 PKR = 0.0853 CUP
10 January 20241 PKR = 0.0857 CUP
11 January 20241 PKR = 0.0853 CUP
12 January 20241 PKR = 0.0857 CUP
13 January 20241 PKR = 0.0853 CUP
14 January 20241 PKR = 0.0856 CUP
15 January 20241 PKR = 0.0869 CUP
16 January 20241 PKR = 0.0860 CUP
17 January 20241 PKR = 0.0860 CUP
18 January 20241 PKR = 0.0858 CUP
19 January 20241 PKR = 0.0858 CUP
22 January 20241 PKR = 0.0861 CUP
23 January 20241 PKR = 0.0858 CUP
24 January 20241 PKR = 0.0857 CUP
25 January 20241 PKR = 0.0858 CUP
26 January 20241 PKR = 0.0859 CUP
28 January 20241 PKR = 0.0858 CUP
29 January 20241 PKR = 0.0862 CUP
30 January 20241 PKR = 0.0858 CUP
31 January 20241 PKR = 0.0859 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).

16/07/2019: IMF Bailout Package

Pakistan reached an agreement with the IMF for a three-year, $6 billion bailout package to address its balance of payments crisis, affecting the value of the Pakistani rupee.

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.

11/12/2013: IMF Loan Program

Pakistan signed a loan agreement with the International Monetary Fund (IMF) to stabilize its economy, resulting in devaluation of the Pakistani rupee.

25/10/2011: Currency Unification Announced

The Cuban government announced plans to eliminate the dual currency system and unify the CUP and CUC.

01/12/2008: Global Financial Crisis

The global financial crisis led to a depreciation of the Pakistani rupee against major international currencies due to economic instability.

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.

28/05/1999: Introduction of State Bank of Pakistan

The State Bank of Pakistan was given full autonomous control over the monetary policy, which had a significant impact on the value of the Pakistani rupee.

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.

16/12/1971: Separation of East Pakistan

Following the separation of East Pakistan and the formation of Bangladesh, the Pakistani rupee underwent a major devaluation.

01/01/1961: Nationalization of Banks

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

01/07/1955: Replacement of Indian Rupee

The Pakistani rupee replaced the Indian rupee as the official currency of Pakistan after the two countries separated.

17/08/1947: Independence of Pakistan

The Pakistani rupee was introduced as the official currency of Pakistan after the country gained independence from British rule.
PKR CUP July 2023
PKR CUP August 2023
PKR CUP September 2023
PKR CUP October 2023
PKR CUP November 2023
PKR CUP December 2023
PKR CUP January 2024
PKR CUP February 2024
PKR CUP March 2024
PKR CUP April 2024
PKR CUP May 2024
PKR CUP June 2024
PKR CUP July 2024