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

Cuban peso moroccan dirham history for September 2023. The highest quote for this month is 0.42984 (30/09/2023) and the lowest 0.42667 (30/09/2023). The difference between high and low is 0.74.

CUP MAD average rate for September 2023 is 0.42223, the change between 01/09/2023 and 30/09/2023 is -4.5 %.

01 September 2023	1 CUP = 0.4100 MAD
04 September 2023	1 CUP = 0.4133 MAD
05 September 2023	1 CUP = 0.4112 MAD
06 September 2023	1 CUP = 0.4112 MAD
07 September 2023	1 CUP = 0.4254 MAD
08 September 2023	1 CUP = 0.4240 MAD
11 September 2023	1 CUP = 0.4122 MAD
12 September 2023	1 CUP = 0.4121 MAD
13 September 2023	1 CUP = 0.4229 MAD
14 September 2023	1 CUP = 0.4229 MAD
15 September 2023	1 CUP = 0.4279 MAD
18 September 2023	1 CUP = 0.4148 MAD
19 September 2023	1 CUP = 0.4284 MAD
20 September 2023	1 CUP = 0.4279 MAD
21 September 2023	1 CUP = 0.4281 MAD
22 September 2023	1 CUP = 0.4286 MAD
23 September 2023	1 CUP = 0.4275 MAD
25 September 2023	1 CUP = 0.4171 MAD
26 September 2023	1 CUP = 0.4286 MAD
27 September 2023	1 CUP = 0.4284 MAD
28 September 2023	1 CUP = 0.4301 MAD
29 September 2023	1 CUP = 0.4302 MAD
30 September 2023	1 CUP = 0.4285 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