Moroccan dirham cuban peso exchange rate history (MAD CUP) October 2023

Moroccan dirham cuban peso history for October 2023. The highest quote for this month is 2.4209 (13/10/2023) and the lowest 2.4304 (12/10/2023). The difference between high and low is -0.39.

MAD CUP average rate for October 2023 is 2.35336, the change between 01/10/2023 and 31/10/2023 is +0.16 %.

01 October 2023	1 MAD = 2.334 CUP
02 October 2023	1 MAD = 2.414 CUP
03 October 2023	1 MAD = 2.325 CUP
04 October 2023	1 MAD = 2.322 CUP
05 October 2023	1 MAD = 2.325 CUP
06 October 2023	1 MAD = 2.391 CUP
07 October 2023	1 MAD = 2.338 CUP
09 October 2023	1 MAD = 2.419 CUP
10 October 2023	1 MAD = 2.386 CUP
11 October 2023	1 MAD = 2.338 CUP
12 October 2023	1 MAD = 2.342 CUP
13 October 2023	1 MAD = 2.340 CUP
16 October 2023	1 MAD = 2.425 CUP
17 October 2023	1 MAD = 2.339 CUP
18 October 2023	1 MAD = 2.338 CUP
19 October 2023	1 MAD = 2.410 CUP
20 October 2023	1 MAD = 2.327 CUP
21 October 2023	1 MAD = 2.325 CUP
22 October 2023	1 MAD = 2.325 CUP
23 October 2023	1 MAD = 2.404 CUP
24 October 2023	1 MAD = 2.322 CUP
25 October 2023	1 MAD = 2.329 CUP
26 October 2023	1 MAD = 2.337 CUP
27 October 2023	1 MAD = 2.337 CUP
28 October 2023	1 MAD = 2.334 CUP
29 October 2023	1 MAD = 2.337 CUP
30 October 2023	1 MAD = 2.403 CUP
31 October 2023	1 MAD = 2.330 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.

Historic Moroccan dirham Cuban peso