Historic Cuban peso Jamaican Dollar

Cuban peso jamaican dollar history for January 2024. The highest quote for this month is 6.4655 (27/01/2024) and the lowest 6.4655 (27/01/2024). The difference between high and low is 0.

CUP JMD average rate for January 2024 is 6.40319, the change between 01/01/2024 and 31/01/2024 is -0.52 %.

01 January 20241 CUP = 6.38 JMD
02 January 20241 CUP = 6.38 JMD
03 January 20241 CUP = 6.37 JMD
04 January 20241 CUP = 6.37 JMD
05 January 20241 CUP = 6.37 JMD
06 January 20241 CUP = 6.40 JMD
07 January 20241 CUP = 6.40 JMD
08 January 20241 CUP = 6.38 JMD
09 January 20241 CUP = 6.37 JMD
10 January 20241 CUP = 6.37 JMD
11 January 20241 CUP = 6.39 JMD
12 January 20241 CUP = 6.40 JMD
14 January 20241 CUP = 6.45 JMD
15 January 20241 CUP = 6.41 JMD
16 January 20241 CUP = 6.42 JMD
17 January 20241 CUP = 6.41 JMD
18 January 20241 CUP = 6.40 JMD
19 January 20241 CUP = 6.40 JMD
22 January 20241 CUP = 6.42 JMD
23 January 20241 CUP = 6.40 JMD
24 January 20241 CUP = 6.42 JMD
25 January 20241 CUP = 6.43 JMD
26 January 20241 CUP = 6.43 JMD
27 January 20241 CUP = 6.47 JMD
28 January 20241 CUP = 6.42 JMD
29 January 20241 CUP = 6.43 JMD
30 January 20241 CUP = 6.42 JMD
31 January 20241 CUP = 6.41 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 July 2023
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