Historic Cuban peso Cayman Islands dollar

Cuban peso cayman islands dollar history for January 2024. The highest quote for this month is 0.034167 (06/01/2024) and the lowest 0.034167 (06/01/2024). The difference between high and low is 0.

CUP KYD average rate for January 2024 is 0.03404, the change between 01/01/2024 and 31/01/2024 is +0.05 %.

01 January 20241 CUP = 0.0340 KYD
02 January 20241 CUP = 0.0340 KYD
03 January 20241 CUP = 0.0340 KYD
04 January 20241 CUP = 0.0340 KYD
05 January 20241 CUP = 0.0340 KYD
06 January 20241 CUP = 0.0342 KYD
07 January 20241 CUP = 0.0342 KYD
08 January 20241 CUP = 0.0340 KYD
09 January 20241 CUP = 0.0340 KYD
10 January 20241 CUP = 0.0340 KYD
11 January 20241 CUP = 0.0340 KYD
12 January 20241 CUP = 0.0340 KYD
13 January 20241 CUP = 0.0342 KYD
14 January 20241 CUP = 0.0342 KYD
15 January 20241 CUP = 0.0340 KYD
16 January 20241 CUP = 0.0340 KYD
17 January 20241 CUP = 0.0340 KYD
18 January 20241 CUP = 0.0340 KYD
19 January 20241 CUP = 0.0340 KYD
20 January 20241 CUP = 0.0342 KYD
21 January 20241 CUP = 0.0342 KYD
22 January 20241 CUP = 0.0340 KYD
23 January 20241 CUP = 0.0340 KYD
24 January 20241 CUP = 0.0340 KYD
25 January 20241 CUP = 0.0340 KYD
26 January 20241 CUP = 0.0340 KYD
27 January 20241 CUP = 0.0342 KYD
28 January 20241 CUP = 0.0342 KYD
29 January 20241 CUP = 0.0340 KYD
30 January 20241 CUP = 0.0340 KYD
31 January 20241 CUP = 0.0340 KYD

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).

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.

01/01/2010: Removal of 1 cent coin from circulation

Due to its low purchasing power and production costs, the 1 cent coin was withdrawn from circulation in the Cayman Islands.

01/11/2007: Transition from Crown Dependencies to Overseas Countries and Territories

The Cayman Islands, including its currency, transitioned from being labeled as a Crown Dependency to an Overseas Country and Territory.

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.

01/01/2001: Issuance of New Banknotes and Coins

New banknotes and coins with enhanced security features were introduced to combat counterfeiting.

01/01/1999: Introduction of Cayman Islands Currency Law

The Cayman Islands Currency Law was enacted to provide a legal framework for the issuance and regulation of the currency.

01/07/1997: Pegging of the Cayman Islands Dollar to the US Dollar

The Cayman Islands dollar was pegged to the US dollar at a fixed exchange rate of KYD 1.00 = USD 1.20.

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.

07/11/1974: Creation of the Cayman Islands Monetary Authority

The Cayman Islands Monetary Authority was established as the central bank responsible for regulating the currency and financial institutions.

01/01/1972: Introduction of Cayman Islands Dollar

The Cayman Islands dollar was first introduced as the official currency, replacing the Jamaican dollar.

01/01/1961: Nationalization of Banks

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