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 January 2024
CUP JMD February 2024
CUP JMD March 2024
CUP JMD April 2024
CUP JMD May 2024
CUP JMD June 2024
CUP JMD July 2024
CUP JMD August 2024
CUP JMD September 2024
CUP JMD October 2024
CUP JMD November 2024
CUP JMD December 2024
CUP JMD January 2025