Historic Cuban peso Pakistani rupee

Cuban peso pakistani rupee history for February 2024. The highest quote for this month is 11.656 (21/02/2024) and the lowest 11.653 (03/02/2024). The difference between high and low is 0.03.

CUP PKR average rate for February 2024 is 11.61225, the change between 01/02/2024 and 29/02/2024 is +0.69 %.

01 February 20241 CUP = 11.66 PKR
02 February 20241 CUP = 11.65 PKR
03 February 20241 CUP = 11.65 PKR
04 February 20241 CUP = 11.64 PKR
05 February 20241 CUP = 11.49 PKR
06 February 20241 CUP = 11.49 PKR
07 February 20241 CUP = 11.64 PKR
08 February 20241 CUP = 11.64 PKR
09 February 20241 CUP = 11.63 PKR
10 February 20241 CUP = 11.64 PKR
12 February 20241 CUP = 11.48 PKR
13 February 20241 CUP = 11.64 PKR
14 February 20241 CUP = 11.63 PKR
15 February 20241 CUP = 11.64 PKR
16 February 20241 CUP = 11.65 PKR
17 February 20241 CUP = 11.64 PKR
18 February 20241 CUP = 11.64 PKR
19 February 20241 CUP = 11.59 PKR
20 February 20241 CUP = 11.49 PKR
21 February 20241 CUP = 11.65 PKR
22 February 20241 CUP = 11.64 PKR
23 February 20241 CUP = 11.65 PKR
24 February 20241 CUP = 11.64 PKR
25 February 20241 CUP = 11.64 PKR
26 February 20241 CUP = 11.59 PKR
27 February 20241 CUP = 11.59 PKR
28 February 20241 CUP = 11.65 PKR
29 February 20241 CUP = 11.58 PKR

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).

16/07/2019: IMF Bailout Package

Pakistan reached an agreement with the IMF for a three-year, $6 billion bailout package to address its balance of payments crisis, affecting the value of the Pakistani rupee.

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.

11/12/2013: IMF Loan Program

Pakistan signed a loan agreement with the International Monetary Fund (IMF) to stabilize its economy, resulting in devaluation of the Pakistani rupee.

25/10/2011: Currency Unification Announced

The Cuban government announced plans to eliminate the dual currency system and unify the CUP and CUC.

01/12/2008: Global Financial Crisis

The global financial crisis led to a depreciation of the Pakistani rupee against major international currencies due to economic instability.

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.

28/05/1999: Introduction of State Bank of Pakistan

The State Bank of Pakistan was given full autonomous control over the monetary policy, which had a significant impact on the value of the Pakistani rupee.

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.

16/12/1971: Separation of East Pakistan

Following the separation of East Pakistan and the formation of Bangladesh, the Pakistani rupee underwent a major devaluation.

01/01/1961: Nationalization of Banks

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

01/07/1955: Replacement of Indian Rupee

The Pakistani rupee replaced the Indian rupee as the official currency of Pakistan after the two countries separated.

17/08/1947: Independence of Pakistan

The Pakistani rupee was introduced as the official currency of Pakistan after the country gained independence from British rule.
CUP PKR July 2023
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