Historic Jamaican Dollar Cuban peso

Jamaican Dollar cuban peso history for October 2023. The highest quote for this month is 0.15789 (28/10/2023) and the lowest 0.15789 (28/10/2023). The difference between high and low is 0.

JMD CUP average rate for October 2023 is 0.15636, the change between 01/10/2023 and 31/10/2023 is -0.71 %.

01 October 20231 JMD = 0.1558 CUP
02 October 20231 JMD = 0.1564 CUP
03 October 20231 JMD = 0.1566 CUP
04 October 20231 JMD = 0.1566 CUP
05 October 20231 JMD = 0.1565 CUP
06 October 20231 JMD = 0.1559 CUP
07 October 20231 JMD = 0.1559 CUP
09 October 20231 JMD = 0.1561 CUP
10 October 20231 JMD = 0.1567 CUP
11 October 20231 JMD = 0.1566 CUP
12 October 20231 JMD = 0.1565 CUP
13 October 20231 JMD = 0.1561 CUP
16 October 20231 JMD = 0.1562 CUP
17 October 20231 JMD = 0.1559 CUP
18 October 20231 JMD = 0.1558 CUP
19 October 20231 JMD = 0.1556 CUP
20 October 20231 JMD = 0.1557 CUP
21 October 20231 JMD = 0.1558 CUP
22 October 20231 JMD = 0.1558 CUP
23 October 20231 JMD = 0.1564 CUP
24 October 20231 JMD = 0.1567 CUP
25 October 20231 JMD = 0.1566 CUP
26 October 20231 JMD = 0.1566 CUP
27 October 20231 JMD = 0.1563 CUP
28 October 20231 JMD = 0.1579 CUP
29 October 20231 JMD = 0.1579 CUP
30 October 20231 JMD = 0.1567 CUP
31 October 20231 JMD = 0.1569 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 July 2023
JMD CUP August 2023
JMD CUP September 2023
JMD CUP October 2023
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