Historic Moroccan dirham Cuban peso

Moroccan dirham cuban peso history for January 2024. The highest quote for this month is 2.4995 (01/01/2024) and the lowest 2.5075 (05/01/2024). The difference between high and low is -0.32.

MAD CUP average rate for January 2024 is 2.43415, the change between 01/01/2024 and 31/01/2024 is +4.13 %.

01 January 20241 MAD = 2.500 CUP
02 January 20241 MAD = 2.500 CUP
03 January 20241 MAD = 2.416 CUP
04 January 20241 MAD = 2.413 CUP
05 January 20241 MAD = 2.422 CUP
06 January 20241 MAD = 2.413 CUP
07 January 20241 MAD = 2.420 CUP
08 January 20241 MAD = 2.488 CUP
09 January 20241 MAD = 2.414 CUP
10 January 20241 MAD = 2.485 CUP
11 January 20241 MAD = 2.410 CUP
12 January 20241 MAD = 2.411 CUP
14 January 20241 MAD = 2.413 CUP
15 January 20241 MAD = 2.484 CUP
16 January 20241 MAD = 2.486 CUP
17 January 20241 MAD = 2.480 CUP
18 January 20241 MAD = 2.400 CUP
19 January 20241 MAD = 2.400 CUP
22 January 20241 MAD = 2.488 CUP
23 January 20241 MAD = 2.411 CUP
24 January 20241 MAD = 2.401 CUP
25 January 20241 MAD = 2.408 CUP
26 January 20241 MAD = 2.403 CUP
27 January 20241 MAD = 2.412 CUP
28 January 20241 MAD = 2.407 CUP
29 January 20241 MAD = 2.486 CUP
30 January 20241 MAD = 2.391 CUP
31 January 20241 MAD = 2.396 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.
MAD CUP July 2023
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