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).
15/04/2019: Coronation of King Rama X
King Maha Vajiralongkorn's coronation ceremony took place, affirming stability and continuity in the monarchy.
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.
19/09/2006: 2006 Thai coup d'état
The military staged a coup overthrowing the government, causing political instability and affecting the currency.
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.
02/07/1997: Asian Financial Crisis
The Thai baht was devalued triggering the Asian financial crisis, resulting in economic recession and structural reforms.
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.
01/01/1980: Currency Floatation
The Thai baht was shifted from a fixed to a floating exchange rate system, leading to increased volatility.
14/10/1973: October 14 Uprising
A popular uprising against the military dictatorship led to political reforms and an increase in public participation.
01/01/1961: Nationalization of Banks
The Cuban government nationalized all private and foreign-owned banks, including their currency holdings.
01/01/1942: Japanese Occupation
During World War II, Thailand was occupied by Japan, leading to the introduction of Japanese-sponsored banknotes.
24/06/1932: Siamese Revolution
The Siamese Revolution resulted in the establishment of a constitutional monarchy, marking the beginning of political changes in Thailand.