Cuban peso lebanese pound exchange rate history (CUP LBP) October 2023

Cuban peso lebanese pound history for October 2023. The highest quote for this month is 637.6 (31/10/2023) and the lowest 625.51 (25/10/2023). The difference between high and low is 1.9.

CUP LBP average rate for October 2023 is 625.70571, the change between 01/10/2023 and 31/10/2023 is -0.19 %.

01 October 2023	1 CUP = 625.0 LBP
02 October 2023	1 CUP = 625.4 LBP
03 October 2023	1 CUP = 625.4 LBP
04 October 2023	1 CUP = 625.7 LBP
05 October 2023	1 CUP = 626.4 LBP
06 October 2023	1 CUP = 625.4 LBP
07 October 2023	1 CUP = 625.0 LBP
09 October 2023	1 CUP = 625.4 LBP
10 October 2023	1 CUP = 625.4 LBP
11 October 2023	1 CUP = 625.4 LBP
12 October 2023	1 CUP = 624.5 LBP
13 October 2023	1 CUP = 625.7 LBP
16 October 2023	1 CUP = 625.4 LBP
17 October 2023	1 CUP = 625.8 LBP
18 October 2023	1 CUP = 626.6 LBP
19 October 2023	1 CUP = 625.4 LBP
20 October 2023	1 CUP = 626.0 LBP
21 October 2023	1 CUP = 625.0 LBP
22 October 2023	1 CUP = 625.0 LBP
23 October 2023	1 CUP = 625.4 LBP
24 October 2023	1 CUP = 626.2 LBP
25 October 2023	1 CUP = 630.8 LBP
26 October 2023	1 CUP = 626.0 LBP
27 October 2023	1 CUP = 625.9 LBP
28 October 2023	1 CUP = 625.0 LBP
29 October 2023	1 CUP = 625.0 LBP
30 October 2023	1 CUP = 625.4 LBP
31 October 2023	1 CUP = 626.2 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.

Historic Cuban peso Lebanese pound