Maldivian rufiyaa cuban peso exchange rate history (MVR CUP) December 2023

Maldivian rufiyaa cuban peso history for December 2023. The highest quote for this month is 1.5824 (18/12/2023) and the lowest 1.58 (25/12/2023). The difference between high and low is 0.15.

MVR CUP average rate for December 2023 is 1.57071, the change between 01/12/2023 and 31/12/2023 is -0.3 %.

01 December 2023	1 MVR = 1.577 CUP
02 December 2023	1 MVR = 1.556 CUP
03 December 2023	1 MVR = 1.556 CUP
04 December 2023	1 MVR = 1.575 CUP
05 December 2023	1 MVR = 1.575 CUP
06 December 2023	1 MVR = 1.576 CUP
07 December 2023	1 MVR = 1.579 CUP
08 December 2023	1 MVR = 1.577 CUP
10 December 2023	1 MVR = 1.556 CUP
11 December 2023	1 MVR = 1.580 CUP
12 December 2023	1 MVR = 1.575 CUP
13 December 2023	1 MVR = 1.574 CUP
14 December 2023	1 MVR = 1.569 CUP
15 December 2023	1 MVR = 1.571 CUP
16 December 2023	1 MVR = 1.556 CUP
17 December 2023	1 MVR = 1.556 CUP
18 December 2023	1 MVR = 1.581 CUP
19 December 2023	1 MVR = 1.572 CUP
20 December 2023	1 MVR = 1.571 CUP
21 December 2023	1 MVR = 1.572 CUP
22 December 2023	1 MVR = 1.572 CUP
23 December 2023	1 MVR = 1.556 CUP
24 December 2023	1 MVR = 1.556 CUP
25 December 2023	1 MVR = 1.579 CUP
26 December 2023	1 MVR = 1.579 CUP
27 December 2023	1 MVR = 1.575 CUP
28 December 2023	1 MVR = 1.574 CUP
29 December 2023	1 MVR = 1.582 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).

15/01/2019: Introduction of New Banknotes

New series of banknotes with enhanced security features and improved designs were introduced by the Maldives Monetary Authority.

01/09/2014: Introduction of Polymer Banknotes

Polymer banknotes were introduced in the Maldives, replacing the traditional paper banknotes, enhancing their durability and security features.

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.

01/07/2011: Redenomination of the Rufiyaa

The Maldivian Rufiyaa underwent redenomination, with new banknotes and coins introduced to simplify transactions and reduce the number of zeros.

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.

01/01/2002: Decimalization of the Rufiyaa

The Maldivian Rufiyaa was decimalized, with 100 laari equaling 1 Rufiyaa, replacing the previous system of 1 Rufiyaa equalling 100 lari.

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.

01/09/1983: Introduction of the Maldivian Rufiyaa

The Maldivian Rufiyaa was introduced as the new currency, replacing the Maldivian Rupee at a 1:1 exchange rate.

01/09/1981: Establishment of the Maldives Monetary Authority

The Maldives Monetary Authority (MMA) was established as the central bank of the Maldives, responsible for issuing and managing the currency.

01/01/1961: Nationalization of Banks

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

22/10/1947: Introduction of the Maldivian Rupee

The Maldivian Indian Rupee was adopted as the official currency of the Maldives, replacing the Ceylonese Rupee.

Historic Maldivian rufiyaa Cuban peso