Cuban peso cape verdean escudo exchange rate history (CUP CVE) February 2024

Cuban peso cape verdean escudo history for February 2024. The highest quote for this month is 4.2881 (15/02/2024) and the lowest 4.2924 (14/02/2024). The difference between high and low is -0.1.

CUP CVE average rate for February 2024 is 4.25941, the change between 01/02/2024 and 29/02/2024 is -0.26 %.

01 February 2024	1 CUP = 4.242 CVE
02 February 2024	1 CUP = 4.242 CVE
03 February 2024	1 CUP = 4.254 CVE
04 February 2024	1 CUP = 4.254 CVE
05 February 2024	1 CUP = 4.226 CVE
06 February 2024	1 CUP = 4.277 CVE
07 February 2024	1 CUP = 4.277 CVE
08 February 2024	1 CUP = 4.271 CVE
09 February 2024	1 CUP = 4.267 CVE
12 February 2024	1 CUP = 4.270 CVE
13 February 2024	1 CUP = 4.268 CVE
14 February 2024	1 CUP = 4.292 CVE
15 February 2024	1 CUP = 4.286 CVE
16 February 2024	1 CUP = 4.278 CVE
17 February 2024	1 CUP = 4.273 CVE
18 February 2024	1 CUP = 4.273 CVE
19 February 2024	1 CUP = 4.268 CVE
20 February 2024	1 CUP = 4.268 CVE
21 February 2024	1 CUP = 4.255 CVE
22 February 2024	1 CUP = 4.251 CVE
23 February 2024	1 CUP = 4.246 CVE
24 February 2024	1 CUP = 4.242 CVE
25 February 2024	1 CUP = 4.242 CVE
26 February 2024	1 CUP = 4.248 CVE
27 February 2024	1 CUP = 4.241 CVE
28 February 2024	1 CUP = 4.242 CVE
29 February 2024	1 CUP = 4.253 CVE

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 Cuban peso Cape Verdean escudo