Historic Moroccan dirham Cuban peso

Moroccan dirham cuban peso history for September 2023. The highest quote for this month is 2.435 (14/09/2023) and the lowest 2.4362 (14/09/2023). The difference between high and low is -0.05.

MAD CUP average rate for September 2023 is 2.36908, the change between 01/09/2023 and 30/09/2023 is +4.31 %.

01 September 20231 MAD = 2.439 CUP
04 September 20231 MAD = 2.420 CUP
05 September 20231 MAD = 2.432 CUP
06 September 20231 MAD = 2.432 CUP
07 September 20231 MAD = 2.351 CUP
08 September 20231 MAD = 2.359 CUP
11 September 20231 MAD = 2.426 CUP
12 September 20231 MAD = 2.427 CUP
13 September 20231 MAD = 2.365 CUP
14 September 20231 MAD = 2.365 CUP
15 September 20231 MAD = 2.337 CUP
18 September 20231 MAD = 2.411 CUP
19 September 20231 MAD = 2.334 CUP
20 September 20231 MAD = 2.337 CUP
21 September 20231 MAD = 2.336 CUP
22 September 20231 MAD = 2.333 CUP
23 September 20231 MAD = 2.339 CUP
25 September 20231 MAD = 2.398 CUP
26 September 20231 MAD = 2.333 CUP
27 September 20231 MAD = 2.334 CUP
28 September 20231 MAD = 2.325 CUP
29 September 20231 MAD = 2.324 CUP
30 September 20231 MAD = 2.334 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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