Cuban peso kazakhstani tenge exchange rate history (CUP KZT) December 2023

Cuban peso kazakhstani tenge history for December 2023. The highest quote for this month is 19.232 (23/12/2023) and the lowest 19.211 (02/12/2023). The difference between high and low is 0.11.

CUP KZT average rate for December 2023 is 19.04421, the change between 01/12/2023 and 31/12/2023 is +1.22 %.

01 December 2023	1 CUP = 19.05 KZT
02 December 2023	1 CUP = 19.21 KZT
03 December 2023	1 CUP = 19.21 KZT
04 December 2023	1 CUP = 19.14 KZT
05 December 2023	1 CUP = 19.16 KZT
06 December 2023	1 CUP = 19.12 KZT
07 December 2023	1 CUP = 19.11 KZT
08 December 2023	1 CUP = 19.04 KZT
10 December 2023	1 CUP = 19.09 KZT
11 December 2023	1 CUP = 19.02 KZT
12 December 2023	1 CUP = 19.03 KZT
13 December 2023	1 CUP = 18.95 KZT
14 December 2023	1 CUP = 19.02 KZT
15 December 2023	1 CUP = 18.94 KZT
16 December 2023	1 CUP = 19.10 KZT
17 December 2023	1 CUP = 19.10 KZT
18 December 2023	1 CUP = 19.03 KZT
19 December 2023	1 CUP = 19.03 KZT
20 December 2023	1 CUP = 18.98 KZT
21 December 2023	1 CUP = 18.92 KZT
22 December 2023	1 CUP = 19.09 KZT
23 December 2023	1 CUP = 19.05 KZT
24 December 2023	1 CUP = 19.05 KZT
25 December 2023	1 CUP = 19.03 KZT
26 December 2023	1 CUP = 19.03 KZT
27 December 2023	1 CUP = 19.03 KZT
28 December 2023	1 CUP = 18.92 KZT
29 December 2023	1 CUP = 18.82 KZT

13/12/2021: Introduction of New Banknotes and Coins

New banknotes and coins were introduced, featuring updated designs, improved security features, and denominations. This aims to enhance the efficiency of cash transactions.

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).

03/04/2017: Transition to Free Float

After gradually reducing interventions, Kazakhstan fully transitioned to a free float exchange rate for the tenge, allowing the market to determine its value.

20/08/2015: Tenge Devaluation

Kazakhstan devalued the tenge by around 30% due to falling oil prices and economic instability. This move aimed to boost exports and protect the economy.

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.

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.

19/04/2004: Introduction of New Banknotes

New banknotes with enhanced security features and updated designs were introduced to combat counterfeiting and modernize the currency.

04/10/1999: Floating Exchange Rate

Kazakhstan switched to a floating exchange rate regime, allowing the tenge to fluctuate freely based on market supply and demand.

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.

15/02/1994: Denomination of Tenge

The tenge underwent a 10,000-fold denomination, where 1 new tenge was equal to 10,000 old tenge. This was done to simplify currency handling and eliminate excessive zeros.

15/11/1993: Introduction of Kazakhstani Tenge

The Kazakhstani tenge was introduced as the new currency of Kazakhstan, replacing the Soviet ruble. The exchange rate was set at 1 tenge = 500 rubles.

01/01/1961: Nationalization of Banks

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

Historic Cuban peso Kazakhstani tenge