Historic Burmese kyat Cuban peso

Burmese kyat cuban peso history for February 2024. The highest quote for this month is 0.011528 (09/02/2024) and the lowest 0.011528 (06/02/2024). The difference between high and low is 0.

MMK CUP average rate for February 2024 is 0.01151, the change between 01/02/2024 and 29/02/2024 is +0.01 %.

01 February 20241 MMK = 0.0115 CUP
02 February 20241 MMK = 0.0115 CUP
03 February 20241 MMK = 0.0115 CUP
04 February 20241 MMK = 0.0115 CUP
05 February 20241 MMK = 0.0115 CUP
06 February 20241 MMK = 0.0115 CUP
07 February 20241 MMK = 0.0115 CUP
08 February 20241 MMK = 0.0115 CUP
09 February 20241 MMK = 0.0115 CUP
12 February 20241 MMK = 0.0115 CUP
13 February 20241 MMK = 0.0115 CUP
14 February 20241 MMK = 0.0115 CUP
15 February 20241 MMK = 0.0115 CUP
16 February 20241 MMK = 0.0115 CUP
17 February 20241 MMK = 0.0115 CUP
18 February 20241 MMK = 0.0115 CUP
19 February 20241 MMK = 0.0115 CUP
20 February 20241 MMK = 0.0115 CUP
21 February 20241 MMK = 0.0115 CUP
22 February 20241 MMK = 0.0115 CUP
23 February 20241 MMK = 0.0115 CUP
24 February 20241 MMK = 0.0115 CUP
25 February 20241 MMK = 0.0115 CUP
26 February 20241 MMK = 0.0115 CUP
27 February 20241 MMK = 0.0115 CUP
28 February 20241 MMK = 0.0115 CUP
29 February 20241 MMK = 0.0115 CUP

22/02/2021: Kyat's Depreciation Challenges

The Burmese kyat faced significant depreciation and instability due to political turmoil and the military coup in Myanmar.

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).

23/04/2015: Foreign Exchange Market Liberalization

Restrictions on foreign exchange were lifted, allowing a more liberalized foreign exchange market in Myanmar.

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.

02/04/2012: Managed Float Regime Implemented

The Burmese government adopted a managed float exchange rate regime, allowing the kyat to fluctuate based on market forces.

25/10/2011: Currency Unification Announced

The Cuban government announced plans to eliminate the dual currency system and unify the CUP and CUC.

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.

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.

01/04/1990: Foreign Exchange Certificates Introduced

Foreign Exchange Certificates (FECs) were introduced as a parallel currency to stabilize the economy and control the black market.

01/09/1987: Second Kyat Revalued

Due to hyperinflation, the Burmese kyat was again revalued, with 1 kyat replacing 10 new kyats.

01/12/1964: Kyat Revalued

The Burmese kyat underwent a major revaluation, with 1 new kyat replacing 100 old kyats to combat inflation.

01/01/1961: Nationalization of Banks

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

01/07/1952: Kyat Introduced

The Burmese kyat was first introduced as the official currency of Burma, replacing the Indian rupee at an exchange rate of 1 kyat = 1 rupee.
MMK CUP January 2024
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