Cuban peso pakistani rupee exchange rate history (CUP PKR) November 2023

Cuban peso pakistani rupee history for November 2023. The highest quote for this month is 11.984 (15/11/2023) and the lowest 11.955 (18/11/2023). The difference between high and low is 0.24.

CUP PKR average rate for November 2023 is 11.87041, the change between 01/11/2023 and 30/11/2023 is -1.63 %.

01 November 2023	1 CUP = 11.71 PKR
02 November 2023	1 CUP = 11.76 PKR
03 November 2023	1 CUP = 11.74 PKR
06 November 2023	1 CUP = 11.65 PKR
07 November 2023	1 CUP = 11.87 PKR
08 November 2023	1 CUP = 11.88 PKR
09 November 2023	1 CUP = 11.94 PKR
10 November 2023	1 CUP = 11.76 PKR
11 November 2023	1 CUP = 11.98 PKR
12 November 2023	1 CUP = 11.96 PKR
13 November 2023	1 CUP = 11.75 PKR
14 November 2023	1 CUP = 11.96 PKR
15 November 2023	1 CUP = 12.00 PKR
16 November 2023	1 CUP = 12.00 PKR
17 November 2023	1 CUP = 12.00 PKR
18 November 2023	1 CUP = 11.96 PKR
19 November 2023	1 CUP = 11.96 PKR
20 November 2023	1 CUP = 11.89 PKR
21 November 2023	1 CUP = 12.04 PKR
22 November 2023	1 CUP = 11.90 PKR
23 November 2023	1 CUP = 11.83 PKR
24 November 2023	1 CUP = 11.70 PKR
26 November 2023	1 CUP = 11.89 PKR
27 November 2023	1 CUP = 11.70 PKR
28 November 2023	1 CUP = 11.89 PKR
29 November 2023	1 CUP = 11.91 PKR
30 November 2023	1 CUP = 11.90 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.

Historic Cuban peso Pakistani rupee