Historic Cuban peso Lebanese pound

Cuban peso lebanese pound history for January 2024. The highest quote for this month is 626.25 (08/01/2024) and the lowest 625.5 (12/01/2024). The difference between high and low is 0.12.

CUP LBP average rate for January 2024 is 625.59481, the change between 01/01/2024 and 31/01/2024 is -0.05 %.

01 January 20241 CUP = 625.4 LBP
02 January 20241 CUP = 625.4 LBP
03 January 20241 CUP = 625.5 LBP
04 January 20241 CUP = 626.3 LBP
05 January 20241 CUP = 625.8 LBP
06 January 20241 CUP = 625.0 LBP
07 January 20241 CUP = 625.0 LBP
08 January 20241 CUP = 625.4 LBP
09 January 20241 CUP = 625.4 LBP
10 January 20241 CUP = 625.4 LBP
11 January 20241 CUP = 626.0 LBP
12 January 20241 CUP = 625.1 LBP
14 January 20241 CUP = 625.0 LBP
15 January 20241 CUP = 625.5 LBP
16 January 20241 CUP = 625.4 LBP
17 January 20241 CUP = 625.4 LBP
18 January 20241 CUP = 625.8 LBP
19 January 20241 CUP = 625.7 LBP
22 January 20241 CUP = 625.4 LBP
23 January 20241 CUP = 625.9 LBP
24 January 20241 CUP = 626.1 LBP
25 January 20241 CUP = 625.9 LBP
26 January 20241 CUP = 625.4 LBP
28 January 20241 CUP = 625.0 LBP
29 January 20241 CUP = 625.4 LBP
30 January 20241 CUP = 627.5 LBP
31 January 20241 CUP = 625.7 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
CUP LBP November 2023
CUP LBP December 2023
CUP LBP January 2024
CUP LBP February 2024
CUP LBP March 2024
CUP LBP April 2024
CUP LBP May 2024
CUP LBP June 2024
CUP LBP July 2024