Historic Tongan paʻanga Cuban peso

Tongan paʻanga cuban peso history for January 2024. The highest quote for this month is 10.451 (01/01/2024) and the lowest 10.445 (01/01/2024). The difference between high and low is 0.06.

TOP CUP average rate for January 2024 is 10.2747, the change between 01/01/2024 and 31/01/2024 is +2.26 %.

01 January 20241 TOP = 10.44 CUP
02 January 20241 TOP = 10.44 CUP
03 January 20241 TOP = 10.38 CUP
04 January 20241 TOP = 10.35 CUP
05 January 20241 TOP = 10.34 CUP
06 January 20241 TOP = 10.35 CUP
07 January 20241 TOP = 10.31 CUP
08 January 20241 TOP = 10.29 CUP
09 January 20241 TOP = 10.24 CUP
10 January 20241 TOP = 10.19 CUP
11 January 20241 TOP = 10.17 CUP
12 January 20241 TOP = 10.33 CUP
14 January 20241 TOP = 10.34 CUP
15 January 20241 TOP = 10.27 CUP
16 January 20241 TOP = 10.31 CUP
17 January 20241 TOP = 10.29 CUP
18 January 20241 TOP = 10.21 CUP
19 January 20241 TOP = 10.19 CUP
22 January 20241 TOP = 10.26 CUP
23 January 20241 TOP = 10.25 CUP
24 January 20241 TOP = 10.24 CUP
25 January 20241 TOP = 10.24 CUP
26 January 20241 TOP = 10.21 CUP
28 January 20241 TOP = 10.22 CUP
29 January 20241 TOP = 10.22 CUP
30 January 20241 TOP = 10.16 CUP
31 January 20241 TOP = 10.20 CUP

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).

01/04/2020: 50th Anniversary of the Paʻanga

Tonga celebrated the 50th anniversary of the introduction of the paʻanga as its national currency.

29/07/2014: Second Devaluation of the Paʻanga

Another devaluation occurred, this time by 20%, as part of Tonga's economic reform program.

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.

14/03/2008: Currency Redenomination

Tonga redenominated its currency, removing three zeros from the paʻanga to simplify monetary transactions.

16/11/2006: Riot and Currency Crisis

Civil unrest and riots erupted in Tonga, leading to a currency crisis and a temporary suspension of trading the paʻanga.

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.

01/04/1991: First Devaluation of the Paʻanga

The paʻanga was devalued by 25% in an attempt to boost Tonga's economy and improve trade competitiveness.

04/06/1975: Independence of Tonga

Tonga gained full independence from the United Kingdom, further solidifying the status of the paʻanga as its national currency.

01/04/1967: Introduction of the Paʻanga

The Tongan paʻanga was introduced as the official currency, replacing the pound at a rate of 1 pound = 2 paʻanga.

01/01/1961: Nationalization of Banks

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