Historic Arab Emirates Dirham Cuban peso

Arab Emirates Dirham cuban peso history for October 2023. The highest quote for this month is 6.5762 (13/10/2023) and the lowest 6.5352 (07/10/2023). The difference between high and low is 0.62.

AED CUP average rate for October 2023 is 6.52692, the change between 01/10/2023 and 31/10/2023 is +0.18 %.

01 October 20231 AED = 6.53 CUP
02 October 20231 AED = 6.54 CUP
03 October 20231 AED = 6.53 CUP
04 October 20231 AED = 6.53 CUP
05 October 20231 AED = 6.52 CUP
06 October 20231 AED = 6.51 CUP
07 October 20231 AED = 6.53 CUP
09 October 20231 AED = 6.50 CUP
10 October 20231 AED = 6.53 CUP
11 October 20231 AED = 6.53 CUP
12 October 20231 AED = 6.53 CUP
13 October 20231 AED = 6.53 CUP
16 October 20231 AED = 6.53 CUP
17 October 20231 AED = 6.53 CUP
18 October 20231 AED = 6.52 CUP
19 October 20231 AED = 6.53 CUP
20 October 20231 AED = 6.53 CUP
21 October 20231 AED = 6.53 CUP
22 October 20231 AED = 6.53 CUP
23 October 20231 AED = 6.52 CUP
24 October 20231 AED = 6.53 CUP
25 October 20231 AED = 6.53 CUP
26 October 20231 AED = 6.53 CUP
27 October 20231 AED = 6.53 CUP
28 October 20231 AED = 6.53 CUP
29 October 20231 AED = 6.53 CUP
30 October 20231 AED = 6.51 CUP
31 October 20231 AED = 6.52 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).

17/06/2018: Introduction of New Banknotes

A new series of UAE dirham banknotes, featuring enhanced durability, 3D security features, and tactile marks for visually impaired individuals, is introduced.

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.

01/01/2007: Security Enhancements

New security features, including holograms and advanced anti-counterfeiting measures, are added to the UAE dirham banknotes.

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.

01/12/2002: Introduction of Modern Coinage

A new series of UAE dirham coins, featuring modern designs and security features, is introduced.

20/03/1995: Currency Peg to US Dollar

The UAE dirham is pegged to the United States dollar at a fixed exchange rate of 1 USD to 3.6725 AED.

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.

01/01/1978: Currency Issuance Authority

The UAE Currency Issuing Authority is established, granting the authority to issue and manage the UAE dirham.

28/01/1973: Decoupling from Pound Sterling

The UAE dirham is officially decoupled from the British pound sterling and a new exchange rate is set.

02/12/1971: Formation of UAE

The United Arab Emirates is formed, resulting in the introduction of the UAE dirham as its official currency.

01/01/1961: Nationalization of Banks

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