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).
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.
31/07/2013: Polymer Banknotes Issued
Polymer banknotes were issued in Paraguay, enhancing durability and counterfeit resistance of currency notes.
25/10/2011: Currency Unification Announced
The Cuban government announced plans to eliminate the dual currency system and unify the CUP and CUC.
24/10/2011: Currency Redenomination
A currency redenomination took place, where 1,000 old Guaraní became equal to 1 new Guaraní.
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.
12/06/1995: Introduction of New Banknotes
New banknotes were introduced, featuring enhanced security features and updated designs.
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.
01/03/1990: New Currency Symbol
A new currency symbol, ₲, was officially adopted for the Paraguayan Guaraní.
12/04/1982: Decree on Currency Stability
The Paraguayan government issued a decree to maintain the stability of the Paraguayan Guaraní.
01/01/1961: Nationalization of Banks
The Cuban government nationalized all private and foreign-owned banks, including their currency holdings.
30/10/1953: Monetary Reform
A new monetary reform was implemented, replacing existing banknotes with new designs.
04/03/1943: Paraguayan Guaraní Introduced
The Paraguayan government introduced the Paraguayan Guaraní as the official currency of Paraguay.