Pakistani rupee cuban peso exchange rate history (PKR CUP) October 2023

Pakistani rupee cuban peso history for October 2023. The highest quote for this month is 0.086872 (30/10/2023) and the lowest 0.087475 (23/10/2023). The difference between high and low is -0.69.

PKR CUP average rate for October 2023 is 0.08568, the change between 01/10/2023 and 31/10/2023 is -2.25 %.

01 October 2023	1 PKR = 0.0835 CUP
02 October 2023	1 PKR = 0.0835 CUP
03 October 2023	1 PKR = 0.0837 CUP
04 October 2023	1 PKR = 0.0841 CUP
05 October 2023	1 PKR = 0.0842 CUP
06 October 2023	1 PKR = 0.0861 CUP
07 October 2023	1 PKR = 0.0847 CUP
09 October 2023	1 PKR = 0.0864 CUP
10 October 2023	1 PKR = 0.0856 CUP
11 October 2023	1 PKR = 0.0856 CUP
12 October 2023	1 PKR = 0.0859 CUP
13 October 2023	1 PKR = 0.0862 CUP
16 October 2023	1 PKR = 0.0869 CUP
17 October 2023	1 PKR = 0.0868 CUP
18 October 2023	1 PKR = 0.0867 CUP
19 October 2023	1 PKR = 0.0862 CUP
20 October 2023	1 PKR = 0.0861 CUP
21 October 2023	1 PKR = 0.0862 CUP
22 October 2023	1 PKR = 0.0862 CUP
23 October 2023	1 PKR = 0.0875 CUP
24 October 2023	1 PKR = 0.0862 CUP
25 October 2023	1 PKR = 0.0859 CUP
26 October 2023	1 PKR = 0.0857 CUP
27 October 2023	1 PKR = 0.0857 CUP
29 October 2023	1 PKR = 0.0856 CUP
30 October 2023	1 PKR = 0.0869 CUP
31 October 2023	1 PKR = 0.0853 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.

Historic Pakistani rupee Cuban peso