Historic Cuban peso Jamaican Dollar

Cuban peso jamaican dollar history for February 2024. The highest quote for this month is 6.4932 (17/02/2024) and the lowest 6.4925 (17/02/2024). The difference between high and low is 0.01.

CUP JMD average rate for February 2024 is 6.4537, the change between 01/02/2024 and 29/02/2024 is -0.42 %.

01 February 20241 CUP = 6.42 JMD
02 February 20241 CUP = 6.42 JMD
03 February 20241 CUP = 6.46 JMD
04 February 20241 CUP = 6.46 JMD
05 February 20241 CUP = 6.44 JMD
06 February 20241 CUP = 6.44 JMD
07 February 20241 CUP = 6.44 JMD
08 February 20241 CUP = 6.44 JMD
09 February 20241 CUP = 6.42 JMD
12 February 20241 CUP = 6.46 JMD
13 February 20241 CUP = 6.46 JMD
14 February 20241 CUP = 6.45 JMD
15 February 20241 CUP = 6.47 JMD
16 February 20241 CUP = 6.48 JMD
17 February 20241 CUP = 6.49 JMD
18 February 20241 CUP = 6.49 JMD
19 February 20241 CUP = 6.46 JMD
20 February 20241 CUP = 6.47 JMD
21 February 20241 CUP = 6.46 JMD
22 February 20241 CUP = 6.46 JMD
23 February 20241 CUP = 6.47 JMD
24 February 20241 CUP = 6.42 JMD
25 February 20241 CUP = 6.48 JMD
26 February 20241 CUP = 6.46 JMD
27 February 20241 CUP = 6.46 JMD
28 February 20241 CUP = 6.43 JMD
29 February 20241 CUP = 6.45 JMD

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).

16/03/2015: Bank of Jamaica Act

The Bank of Jamaica Act was passed, granting the central bank greater autonomy in executing monetary policy and promoting financial stability.

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.

12/02/2013: Currency devaluation

To stabilize the economy, the Jamaican Dollar was devalued by approximately 16.5% against major currencies.

25/10/2011: Currency Unification Announced

The Cuban government announced plans to eliminate the dual currency system and unify the CUP and CUC.

28/11/2010: IMF agreement

Jamaica reached an agreement with the International Monetary Fund (IMF) for a financial support program to address economic challenges.

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.

30/04/1994: Foreign exchange liberalization

Jamaica lifted restrictions on foreign exchange, allowing for more flexible trade and investment opportunities.

25/03/1991: JMD devaluation

Due to economic pressures, the Jamaican Dollar was devalued by 33.3%, leading to an increase in the exchange rate.

05/08/1971: Currency decimalization

Jamaica decimalized its currency, dividing the Jamaican Dollar into 100 cents instead of 20 shillings.

07/02/1969: Jamaican Dollar introduced

The Jamaican Dollar (JMD) was introduced as the official currency of Jamaica, replacing the Jamaican pound.

01/01/1961: Nationalization of Banks

The Cuban government nationalized all private and foreign-owned banks, including their currency holdings.
CUP JMD January 2024
CUP JMD February 2024
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CUP JMD January 2025