Cape Verdean escudo cuban peso exchange rate history (CVE CUP) December 2023

Cape Verdean escudo cuban peso history for December 2023. The highest quote for this month is 0.24171 (29/12/2023) and the lowest 0.2416 (27/12/2023). The difference between high and low is 0.05.

CVE CUP average rate for December 2023 is 0.23718, the change between 01/12/2023 and 31/12/2023 is -1.83 %.

01 December 2023	1 CVE = 0.2373 CUP
02 December 2023	1 CVE = 0.2366 CUP
03 December 2023	1 CVE = 0.2366 CUP
04 December 2023	1 CVE = 0.2369 CUP
05 December 2023	1 CVE = 0.2356 CUP
06 December 2023	1 CVE = 0.2348 CUP
07 December 2023	1 CVE = 0.2349 CUP
08 December 2023	1 CVE = 0.2350 CUP
10 December 2023	1 CVE = 0.2339 CUP
11 December 2023	1 CVE = 0.2344 CUP
12 December 2023	1 CVE = 0.2343 CUP
13 December 2023	1 CVE = 0.2347 CUP
14 December 2023	1 CVE = 0.2344 CUP
15 December 2023	1 CVE = 0.2327 CUP
16 December 2023	1 CVE = 0.2379 CUP
17 December 2023	1 CVE = 0.2379 CUP
18 December 2023	1 CVE = 0.2385 CUP
19 December 2023	1 CVE = 0.2372 CUP
20 December 2023	1 CVE = 0.2386 CUP
21 December 2023	1 CVE = 0.2385 CUP
22 December 2023	1 CVE = 0.2388 CUP
23 December 2023	1 CVE = 0.2388 CUP
24 December 2023	1 CVE = 0.2398 CUP
25 December 2023	1 CVE = 0.2397 CUP
26 December 2023	1 CVE = 0.2396 CUP
27 December 2023	1 CVE = 0.2404 CUP
28 December 2023	1 CVE = 0.2416 CUP
29 December 2023	1 CVE = 0.2417 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).

04/05/2020: COVID-19 impact on currency

The outbreak of COVID-19 and its economic consequences led to a depreciation of the Cape Verdean escudo against major international currencies due to reduced tourism and economic activity.

30/09/2017: New escudo banknotes issued

Cape Verde introduced a new series of banknotes for the escudo, featuring enhanced security features, updated designs, and improved durability.

31/12/2014: End of the peg to the euro

Cape Verde decided to abandon the peg to the euro, shifting to a managed float exchange rate system to allow the currency to fluctuate based on market forces.

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.

01/01/2005: Decimalization of the escudo

The Cape Verdean escudo underwent a decimalization process, with the subdivision of 1 escudo into 100 centavos.

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.

01/01/1998: Currency pegged to the euro

The Cape Verdean escudo was pegged to the euro at a fixed exchange rate of 1 euro = 110.265 CVE, ensuring stability and facilitating trade.

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.

17/11/1977: Introduction of the new escudo

A new version of the Cape Verdean escudo was introduced, replacing the previous version with a new design and updated security features.

05/07/1975: Independence of Cape Verde

The Cape Verdean escudo (CVE) was officially adopted as the currency of Cape Verde upon gaining independence from Portugal.

01/01/1961: Nationalization of Banks

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

Historic Cape Verdean escudo Cuban peso