Historic Pakistani rupee Cuban peso

Pakistani rupee cuban peso history for November 2023. The highest quote for this month is 0.086355 (01/11/2023) and the lowest 0.086355 (01/11/2023). The difference between high and low is 0.

PKR CUP average rate for November 2023 is 0.08425, the change between 01/11/2023 and 30/11/2023 is +1.6 %.

01 November 20231 PKR = 0.0854 CUP
02 November 20231 PKR = 0.0850 CUP
03 November 20231 PKR = 0.0852 CUP
06 November 20231 PKR = 0.0859 CUP
07 November 20231 PKR = 0.0843 CUP
08 November 20231 PKR = 0.0842 CUP
09 November 20231 PKR = 0.0837 CUP
10 November 20231 PKR = 0.0850 CUP
11 November 20231 PKR = 0.0835 CUP
12 November 20231 PKR = 0.0836 CUP
13 November 20231 PKR = 0.0851 CUP
14 November 20231 PKR = 0.0836 CUP
15 November 20231 PKR = 0.0833 CUP
16 November 20231 PKR = 0.0834 CUP
17 November 20231 PKR = 0.0834 CUP
18 November 20231 PKR = 0.0836 CUP
19 November 20231 PKR = 0.0836 CUP
20 November 20231 PKR = 0.0841 CUP
21 November 20231 PKR = 0.0831 CUP
22 November 20231 PKR = 0.0840 CUP
23 November 20231 PKR = 0.0846 CUP
24 November 20231 PKR = 0.0855 CUP
26 November 20231 PKR = 0.0841 CUP
27 November 20231 PKR = 0.0855 CUP
28 November 20231 PKR = 0.0841 CUP
29 November 20231 PKR = 0.0840 CUP
30 November 20231 PKR = 0.0840 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.
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