Cuban peso moroccan dirham exchange rate history (CUP MAD) December 2023

Cuban peso moroccan dirham history for December 2023. The highest quote for this month is 0.42521 (14/12/2023) and the lowest 0.42192 (10/12/2023). The difference between high and low is 0.77.

CUP MAD average rate for December 2023 is 0.41454, the change between 01/12/2023 and 31/12/2023 is -0.87 %.

01 December 2023	1 CUP = 0.4072 MAD
02 December 2023	1 CUP = 0.4201 MAD
03 December 2023	1 CUP = 0.4202 MAD
04 December 2023	1 CUP = 0.4070 MAD
05 December 2023	1 CUP = 0.4202 MAD
06 December 2023	1 CUP = 0.4211 MAD
07 December 2023	1 CUP = 0.4205 MAD
08 December 2023	1 CUP = 0.4214 MAD
10 December 2023	1 CUP = 0.4234 MAD
11 December 2023	1 CUP = 0.4094 MAD
12 December 2023	1 CUP = 0.4109 MAD
13 December 2023	1 CUP = 0.4105 MAD
14 December 2023	1 CUP = 0.4250 MAD
15 December 2023	1 CUP = 0.4207 MAD
16 December 2023	1 CUP = 0.4216 MAD
17 December 2023	1 CUP = 0.4216 MAD
18 December 2023	1 CUP = 0.4081 MAD
19 December 2023	1 CUP = 0.4088 MAD
20 December 2023	1 CUP = 0.4217 MAD
21 December 2023	1 CUP = 0.4188 MAD
22 December 2023	1 CUP = 0.4155 MAD
23 December 2023	1 CUP = 0.4131 MAD
24 December 2023	1 CUP = 0.4132 MAD
25 December 2023	1 CUP = 0.3996 MAD
26 December 2023	1 CUP = 0.3999 MAD
27 December 2023	1 CUP = 0.4127 MAD
28 December 2023	1 CUP = 0.4086 MAD
29 December 2023	1 CUP = 0.4103 MAD
31 December 2023	1 CUP = 0.4108 MAD

15/09/2021: Digitization of the Moroccan dirham

Morocco announced plans to digitize the dirham, introducing a central bank digital currency (CBDC) for financial transactions in the country.

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).

02/06/2014: Introduction of the fourth dirham

Another series of Moroccan dirham banknotes was issued, featuring new designs and enhanced security features.

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.

02/07/2005: Dirham's exchange rate floatation

Morocco moved to a floating exchange rate regime, allowing the dirham to fluctuate based on market forces.

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.

01/05/1999: Introduction of the third dirham

A new series of Moroccan dirham banknotes was introduced with enhanced security features.

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.

12/12/1980: Introduction of the second dirham

A new series of Moroccan dirham banknotes was issued to replace the first series.

17/10/1974: Adoption of the dirham as the currency

The Moroccan franc was replaced by the Moroccan dirham (MAD) as the official currency.

01/01/1961: Nationalization of Banks

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

26/11/1960: Introduction of the Moroccan franc (FRF)

The Moroccan franc was introduced as the official currency of Morocco.

Historic Cuban peso Moroccan dirham