Historic Maldivian rufiyaa Cuban peso

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 20231 MVR = 1.577 CUP
02 December 20231 MVR = 1.556 CUP
03 December 20231 MVR = 1.556 CUP
04 December 20231 MVR = 1.575 CUP
05 December 20231 MVR = 1.575 CUP
06 December 20231 MVR = 1.576 CUP
07 December 20231 MVR = 1.579 CUP
08 December 20231 MVR = 1.577 CUP
10 December 20231 MVR = 1.556 CUP
11 December 20231 MVR = 1.580 CUP
12 December 20231 MVR = 1.575 CUP
13 December 20231 MVR = 1.574 CUP
14 December 20231 MVR = 1.569 CUP
15 December 20231 MVR = 1.571 CUP
16 December 20231 MVR = 1.556 CUP
17 December 20231 MVR = 1.556 CUP
18 December 20231 MVR = 1.581 CUP
19 December 20231 MVR = 1.572 CUP
20 December 20231 MVR = 1.571 CUP
21 December 20231 MVR = 1.572 CUP
22 December 20231 MVR = 1.572 CUP
23 December 20231 MVR = 1.556 CUP
24 December 20231 MVR = 1.556 CUP
25 December 20231 MVR = 1.579 CUP
26 December 20231 MVR = 1.579 CUP
27 December 20231 MVR = 1.575 CUP
28 December 20231 MVR = 1.574 CUP
29 December 20231 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.
MVR CUP August 2023
MVR CUP September 2023
MVR CUP October 2023
MVR CUP November 2023
MVR CUP December 2023
MVR CUP January 2024
MVR CUP February 2024
MVR CUP March 2024
MVR CUP April 2024
MVR CUP May 2024
MVR CUP June 2024
MVR CUP July 2024
MVR CUP August 2024