Historic Jamaican Dollar Cuban peso

Jamaican Dollar cuban peso history for February 2024. The highest quote for this month is 0.15577 (01/02/2024) and the lowest 0.15586 (24/02/2024). The difference between high and low is -0.06.

JMD CUP average rate for February 2024 is 0.15495, the change between 01/02/2024 and 29/02/2024 is +0.41 %.

01 February 20241 JMD = 0.1558 CUP
02 February 20241 JMD = 0.1558 CUP
03 February 20241 JMD = 0.1548 CUP
04 February 20241 JMD = 0.1548 CUP
05 February 20241 JMD = 0.1553 CUP
06 February 20241 JMD = 0.1553 CUP
07 February 20241 JMD = 0.1552 CUP
08 February 20241 JMD = 0.1553 CUP
09 February 20241 JMD = 0.1559 CUP
12 February 20241 JMD = 0.1548 CUP
13 February 20241 JMD = 0.1548 CUP
14 February 20241 JMD = 0.1550 CUP
15 February 20241 JMD = 0.1546 CUP
16 February 20241 JMD = 0.1543 CUP
17 February 20241 JMD = 0.1540 CUP
18 February 20241 JMD = 0.1540 CUP
19 February 20241 JMD = 0.1548 CUP
20 February 20241 JMD = 0.1547 CUP
21 February 20241 JMD = 0.1547 CUP
22 February 20241 JMD = 0.1548 CUP
23 February 20241 JMD = 0.1547 CUP
24 February 20241 JMD = 0.1559 CUP
25 February 20241 JMD = 0.1544 CUP
26 February 20241 JMD = 0.1549 CUP
27 February 20241 JMD = 0.1548 CUP
28 February 20241 JMD = 0.1554 CUP
29 February 20241 JMD = 0.1551 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).

16/03/2015: Bank of Jamaica Act

The Bank of Jamaica Act was passed, granting the central bank greater autonomy in executing monetary policy and promoting financial stability.

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.

12/02/2013: Currency devaluation

To stabilize the economy, the Jamaican Dollar was devalued by approximately 16.5% against major currencies.

25/10/2011: Currency Unification Announced

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

28/11/2010: IMF agreement

Jamaica reached an agreement with the International Monetary Fund (IMF) for a financial support program to address economic challenges.

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.

30/04/1994: Foreign exchange liberalization

Jamaica lifted restrictions on foreign exchange, allowing for more flexible trade and investment opportunities.

25/03/1991: JMD devaluation

Due to economic pressures, the Jamaican Dollar was devalued by 33.3%, leading to an increase in the exchange rate.

05/08/1971: Currency decimalization

Jamaica decimalized its currency, dividing the Jamaican Dollar into 100 cents instead of 20 shillings.

07/02/1969: Jamaican Dollar introduced

The Jamaican Dollar (JMD) was introduced as the official currency of Jamaica, replacing the Jamaican pound.

01/01/1961: Nationalization of Banks

The Cuban government nationalized all private and foreign-owned banks, including their currency holdings.
JMD CUP January 2024
JMD CUP February 2024
JMD CUP March 2024
JMD CUP April 2024
JMD CUP May 2024
JMD CUP June 2024
JMD CUP July 2024
JMD CUP August 2024
JMD CUP September 2024
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JMD CUP November 2024
JMD CUP December 2024
JMD CUP January 2025