Historic Chinese Yuan Renminbi Cuban peso

Chinese Yuan Renminbi cuban peso history for September 2023. The highest quote for this month is 3.3213 (15/09/2023) and the lowest 3.3569 (04/09/2023). The difference between high and low is -1.07.

CNY CUP average rate for September 2023 is 3.29107, the change between 01/09/2023 and 30/09/2023 is +0.49 %.

01 September 20231 CNY = 3.304 CUP
04 September 20231 CNY = 3.373 CUP
05 September 20231 CNY = 3.299 CUP
06 September 20231 CNY = 3.288 CUP
07 September 20231 CNY = 3.274 CUP
08 September 20231 CNY = 3.270 CUP
11 September 20231 CNY = 3.311 CUP
12 September 20231 CNY = 3.284 CUP
13 September 20231 CNY = 3.289 CUP
14 September 20231 CNY = 3.299 CUP
15 September 20231 CNY = 3.295 CUP
18 September 20231 CNY = 3.290 CUP
19 September 20231 CNY = 3.288 CUP
20 September 20231 CNY = 3.286 CUP
21 September 20231 CNY = 3.292 CUP
22 September 20231 CNY = 3.283 CUP
23 September 20231 CNY = 3.289 CUP
24 September 20231 CNY = 3.289 CUP
25 September 20231 CNY = 3.273 CUP
26 September 20231 CNY = 3.278 CUP
27 September 20231 CNY = 3.279 CUP
28 September 20231 CNY = 3.284 CUP
29 September 20231 CNY = 3.284 CUP
30 September 20231 CNY = 3.287 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).

29/11/2015: Inclusion of the Renminbi in IMF's SDR Basket

The International Monetary Fund (IMF) includes the Renminbi in its Special Drawing Rights (SDR) basket, recognizing its global importance as a reserve currency and boosting the international status of the Chinese Yuan Renminbi.

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.

18/06/2009: Resumption of Renminbi Appreciation

China allows the Renminbi to resume an appreciation trajectory against the US dollar after a period of stability, signaling a shift in the country's exchange rate policy.

20/07/2005: Introduction of Managed Float

China adopts a managed floating exchange rate system, allowing the Renminbi to fluctuate within a narrow band against a basket of currencies, reducing its dependence on the US dollar.

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.

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.

31/12/1993: Renminbi Pegged to US Dollar

China pegs the value of the Renminbi to the US dollar, setting an exchange rate of 8.28 Yuan per dollar, which remains fixed for over a decade, impacting China's export competitiveness.

31/12/1992: Introduction of Dual Currency System

China introduces a dual currency system, with the offshore Renminbi (CNH) and the onshore Renminbi (CNY), aiming to facilitate foreign exchange flows and international trade.

14/08/1971: End of the Bretton Woods System

The United States suspends the convertibility of the US dollar to gold, leading to the collapse of the Bretton Woods System and a shift towards floating exchange rates, affecting the value of the Chinese Yuan Renminbi.

01/01/1961: Nationalization of Banks

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

14/12/1948: Formation of the People's Bank of China

The People's Bank of China was established, marking the beginning of central banking in China and the introduction of the Chinese Yuan Renminbi as the official currency.