Historic Cuban peso Lebanese pound

Cuban peso lebanese pound history for February 2024. The highest quote for this month is 3734.31 (21/02/2024) and the lowest 3734.47 (29/02/2024). The difference between high and low is 0.

CUP LBP average rate for February 2024 is 1743.9452, the change between 01/02/2024 and 29/02/2024 is -493.62 %.

01 February 20241 CUP = 629.1 LBP
02 February 20241 CUP = 625.9 LBP
03 February 20241 CUP = 625.0 LBP
04 February 20241 CUP = 625.0 LBP
05 February 20241 CUP = 625.4 LBP
06 February 20241 CUP = 625.4 LBP
07 February 20241 CUP = 632.0 LBP
08 February 20241 CUP = 625.6 LBP
09 February 20241 CUP = 625.8 LBP
12 February 20241 CUP = 625.4 LBP
13 February 20241 CUP = 625.9 LBP
14 February 20241 CUP = 628.9 LBP
15 February 20241 CUP = 624.4 LBP
16 February 20241 CUP = 626.0 LBP
19 February 20241 CUP = 625.4 LBP
20 February 20241 CUP = 623.6 LBP
21 February 20241 CUP = 3721.32 LBP
22 February 20241 CUP = 3733.70 LBP
23 February 20241 CUP = 3732.78 LBP
24 February 20241 CUP = 3729.17 LBP
25 February 20241 CUP = 3729.17 LBP
26 February 20241 CUP = 3730.71 LBP
27 February 20241 CUP = 3734.14 LBP
28 February 20241 CUP = 3734.67 LBP
29 February 20241 CUP = 3734.16 LBP

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).

17/10/2019: Protests against economic crisis

Mass protests erupted in Lebanon due to economic crisis, leading to further depreciation of the Lebanese pound.

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.

03/11/1997: Revaluation of the Lebanese pound

The Lebanese pound was revalued at a rate of 1,500 LBP = 1 USD, ending the fixed exchange rate with the US dollar.

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.

01/01/1986: Introduction of the parallel exchange market

The parallel exchange market was introduced in Lebanon, leading to a diverging exchange rate between the official and unofficial markets.

01/01/1976: Lebanese Civil War

The Lebanese Civil War began, causing significant economic instability and devaluation of the Lebanese pound.

01/01/1961: Nationalization of Banks

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

01/01/1961: Pegged to the US dollar

The Lebanese pound was pegged to the US dollar at an exchange rate of 1 LBP = 1.5 USD.

27/11/1941: Devaluation of the Lebanese pound

The Lebanese pound was devalued by 41.9% following the breakup of the French franc.

01/10/1920: Lebanese pound introduced

The Lebanese pound was introduced at a fixed exchange rate of 1 pound = 20 French francs during the French mandate period.
CUP LBP July 2023
CUP LBP August 2023
CUP LBP September 2023
CUP LBP October 2023
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CUP LBP December 2023
CUP LBP January 2024
CUP LBP February 2024
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CUP LBP July 2024