Historic Moroccan dirham Cuban peso

Moroccan dirham cuban peso history for August 2023. The highest quote for this month is 2.5466 (09/08/2023) and the lowest 2.5536 (09/08/2023). The difference between high and low is -0.27.

MAD CUP average rate for August 2023 is 2.45817, the change between 01/08/2023 and 31/08/2023 is -0.55 %.

01 August 20231 MAD = 2.436 CUP
02 August 20231 MAD = 2.432 CUP
03 August 20231 MAD = 2.498 CUP
04 August 20231 MAD = 2.440 CUP
07 August 20231 MAD = 2.544 CUP
08 August 20231 MAD = 2.516 CUP
09 August 20231 MAD = 2.554 CUP
10 August 20231 MAD = 2.547 CUP
11 August 20231 MAD = 2.530 CUP
12 August 20231 MAD = 2.432 CUP
14 August 20231 MAD = 2.533 CUP
15 August 20231 MAD = 2.433 CUP
16 August 20231 MAD = 2.429 CUP
17 August 20231 MAD = 2.423 CUP
18 August 20231 MAD = 2.416 CUP
20 August 20231 MAD = 2.404 CUP
21 August 20231 MAD = 2.512 CUP
22 August 20231 MAD = 2.404 CUP
23 August 20231 MAD = 2.399 CUP
24 August 20231 MAD = 2.399 CUP
25 August 20231 MAD = 2.388 CUP
28 August 20231 MAD = 2.468 CUP
29 August 20231 MAD = 2.432 CUP
30 August 20231 MAD = 2.439 CUP
31 August 20231 MAD = 2.449 CUP

15/09/2021: Digitization of the Moroccan dirham

Morocco announced plans to digitize the dirham, introducing a central bank digital currency (CBDC) for financial transactions in the country.

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).

02/06/2014: Introduction of the fourth dirham

Another series of Moroccan dirham banknotes was issued, featuring new designs and enhanced 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.

02/07/2005: Dirham's exchange rate floatation

Morocco moved to a floating exchange rate regime, allowing the dirham to fluctuate based on market forces.

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.

01/05/1999: Introduction of the third dirham

A new series of Moroccan dirham banknotes was introduced with enhanced security features.

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.

12/12/1980: Introduction of the second dirham

A new series of Moroccan dirham banknotes was issued to replace the first series.

17/10/1974: Adoption of the dirham as the currency

The Moroccan franc was replaced by the Moroccan dirham (MAD) as the official currency.

01/01/1961: Nationalization of Banks

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

26/11/1960: Introduction of the Moroccan franc (FRF)

The Moroccan franc was introduced as the official currency of Morocco.
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