Historic Moroccan dirham Cuban peso

Moroccan dirham cuban peso history for February 2024. The highest quote for this month is 2.4651 (13/02/2024) and the lowest 2.4686 (12/02/2024). The difference between high and low is -0.14.

MAD CUP average rate for February 2024 is 2.40524, the change between 01/02/2024 and 29/02/2024 is -1.95 %.

01 February 20241 MAD = 2.394 CUP
02 February 20241 MAD = 2.396 CUP
03 February 20241 MAD = 2.392 CUP
04 February 20241 MAD = 2.392 CUP
05 February 20241 MAD = 2.478 CUP
06 February 20241 MAD = 2.460 CUP
07 February 20241 MAD = 2.382 CUP
08 February 20241 MAD = 2.383 CUP
09 February 20241 MAD = 2.389 CUP
11 February 20241 MAD = 2.399 CUP
12 February 20241 MAD = 2.469 CUP
13 February 20241 MAD = 2.389 CUP
14 February 20241 MAD = 2.382 CUP
15 February 20241 MAD = 2.381 CUP
16 February 20241 MAD = 2.383 CUP
17 February 20241 MAD = 2.385 CUP
18 February 20241 MAD = 2.385 CUP
19 February 20241 MAD = 2.460 CUP
20 February 20241 MAD = 2.454 CUP
21 February 20241 MAD = 2.378 CUP
22 February 20241 MAD = 2.379 CUP
23 February 20241 MAD = 2.385 CUP
24 February 20241 MAD = 2.387 CUP
25 February 20241 MAD = 2.387 CUP
26 February 20241 MAD = 2.465 CUP
27 February 20241 MAD = 2.393 CUP
28 February 20241 MAD = 2.382 CUP
29 February 20241 MAD = 2.440 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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