Historic Iranian Rial Cuban peso

Iranian Rial cuban peso history for October 2023. The highest quote for this month is 0.000575 (13/10/2023) and the lowest 0.000571 (01/10/2023). The difference between high and low is 0.7.

IRR CUP average rate for October 2023 is 0.00057, the change between 01/10/2023 and 31/10/2023 is +0.18 %.

01 October 20231 IRR = 0.0006 CUP
02 October 20231 IRR = 0.0006 CUP
03 October 20231 IRR = 0.0006 CUP
04 October 20231 IRR = 0.0006 CUP
05 October 20231 IRR = 0.0006 CUP
06 October 20231 IRR = 0.0006 CUP
07 October 20231 IRR = 0.0006 CUP
09 October 20231 IRR = 0.0006 CUP
10 October 20231 IRR = 0.0006 CUP
11 October 20231 IRR = 0.0006 CUP
12 October 20231 IRR = 0.0006 CUP
13 October 20231 IRR = 0.0006 CUP
16 October 20231 IRR = 0.0006 CUP
17 October 20231 IRR = 0.0006 CUP
18 October 20231 IRR = 0.0006 CUP
19 October 20231 IRR = 0.0006 CUP
20 October 20231 IRR = 0.0006 CUP
21 October 20231 IRR = 0.0006 CUP
22 October 20231 IRR = 0.0006 CUP
23 October 20231 IRR = 0.0006 CUP
24 October 20231 IRR = 0.0006 CUP
25 October 20231 IRR = 0.0006 CUP
26 October 20231 IRR = 0.0006 CUP
27 October 20231 IRR = 0.0006 CUP
29 October 20231 IRR = 0.0006 CUP
30 October 20231 IRR = 0.0006 CUP
31 October 20231 IRR = 0.0006 CUP

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).

23/02/2020: COVID-19 Pandemic's Impact on the Iranian Rial

The COVID-19 pandemic, along with economic challenges, caused further depreciation of the Iranian Rial (IRR) against major currencies.

10/04/2018: Revaluation of the Iranian Rial

Iran's government announced a new currency exchange rate, devaluing the Iranian Rial (IRR) against foreign currencies.

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.

24/09/2012: Imposition of International Sanctions on Iran

International sanctions were imposed on Iran, leading to a significant decline in the value of the Iranian Rial (IRR).

25/10/2011: Currency Unification Announced

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

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.

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.

24/05/1989: Introduction of the Two-Tier Exchange Rate System

Iran implemented a two-tier exchange rate system, with different rates for essential goods and non-essential imports.

26/10/1975: Floating of the Iranian Rial

The Iranian Rial (IRR) was allowed to float against foreign currencies, marking the end of the fixed exchange rate system.

01/01/1961: Nationalization of Banks

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

01/09/1957: Decimalization of the Iranian Rial

The Iranian Rial (IRR) was decimalized, dividing one Toman into 10 Rials to simplify the currency system.

01/04/1932: Introduction of the Iranian Rial

The Iranian Rial (IRR) was introduced as the official currency of Iran after replacing the Qiran.
IRR CUP July 2023
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