Cuban peso malagasy ariary exchange rate history (CUP MGA) December 2023

Cuban peso malagasy ariary history for December 2023. The highest quote for this month is 191.1 (21/12/2023) and the lowest 190.3 (25/12/2023). The difference between high and low is 0.42.

CUP MGA average rate for December 2023 is 189.10964, the change between 01/12/2023 and 31/12/2023 is -0.72 %.

01 December 2023	1 CUP = 187.5 MGA
02 December 2023	1 CUP = 187.5 MGA
03 December 2023	1 CUP = 187.5 MGA
04 December 2023	1 CUP = 187.7 MGA
05 December 2023	1 CUP = 186.4 MGA
06 December 2023	1 CUP = 189.0 MGA
07 December 2023	1 CUP = 189.0 MGA
08 December 2023	1 CUP = 190.4 MGA
10 December 2023	1 CUP = 188.5 MGA
11 December 2023	1 CUP = 189.3 MGA
12 December 2023	1 CUP = 189.8 MGA
13 December 2023	1 CUP = 190.2 MGA
14 December 2023	1 CUP = 189.8 MGA
15 December 2023	1 CUP = 190.1 MGA
16 December 2023	1 CUP = 188.5 MGA
17 December 2023	1 CUP = 188.5 MGA
18 December 2023	1 CUP = 188.8 MGA
19 December 2023	1 CUP = 189.8 MGA
20 December 2023	1 CUP = 190.2 MGA
21 December 2023	1 CUP = 191.1 MGA
22 December 2023	1 CUP = 190.1 MGA
23 December 2023	1 CUP = 188.5 MGA
24 December 2023	1 CUP = 188.5 MGA
25 December 2023	1 CUP = 190.3 MGA
26 December 2023	1 CUP = 190.3 MGA
27 December 2023	1 CUP = 189.5 MGA
28 December 2023	1 CUP = 190.0 MGA
29 December 2023	1 CUP = 188.8 MGA

01/01/2023: Planned Fourth Redenomination of Ariary

Madagascar announces plans for the fourth redenomination of the Ariary, aiming to simplify the currency system further.

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).

01/01/2017: Third Redenomination of Ariary

The Malagasy Ariary experiences its third redenomination, resulting in the currency being divided by 5, making 1 new Ariary equal to 5 old Ariary.

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.

01/08/2003: Second Redenomination of Ariary

The Malagasy Ariary goes through its second redenomination, with 1 new Ariary equal to 5 old Ariary.

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.

16/12/1993: First Redenomination of Ariary

The Malagasy Ariary undergoes its first redenomination, replacing the currency at a ratio of 1 new Ariary to 5 old Ariary.

01/01/1983: Introduction of Malagasy Ariary

The Malagasy Ariary is introduced as the new official currency of Madagascar, replacing the Malagasy Franc.

26/06/1975: Independence of Madagascar

Madagascar declares independence from French colonial rule, leading to changes in the national currency.

26/06/1961: Introduction of Malagasy Franc

Malagasy Franc introduced as the official currency of Madagascar to replace the French Franc.

01/01/1961: Nationalization of Banks

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

Historic Cuban peso Malagasy Ariary