Historic Tongan paʻanga Cuban peso

Tongan paʻanga cuban peso history for November 2023. The highest quote for this month is 10.243 (30/11/2023) and the lowest 10.731 (07/11/2023). The difference between high and low is -4.76.

TOP CUP average rate for November 2023 is 10.18556, the change between 01/11/2023 and 30/11/2023 is -1.88 %.

01 November 20231 TOP = 10.07 CUP
06 November 20231 TOP = 10.65 CUP
07 November 20231 TOP = 10.74 CUP
08 November 20231 TOP = 10.09 CUP
09 November 20231 TOP = 10.16 CUP
10 November 20231 TOP = 10.15 CUP
11 November 20231 TOP = 10.16 CUP
12 November 20231 TOP = 10.16 CUP
13 November 20231 TOP = 10.09 CUP
14 November 20231 TOP = 10.14 CUP
15 November 20231 TOP = 10.19 CUP
16 November 20231 TOP = 10.15 CUP
17 November 20231 TOP = 10.11 CUP
18 November 20231 TOP = 10.12 CUP
19 November 20231 TOP = 10.12 CUP
20 November 20231 TOP = 10.03 CUP
21 November 20231 TOP = 10.09 CUP
22 November 20231 TOP = 10.04 CUP
23 November 20231 TOP = 10.04 CUP
24 November 20231 TOP = 10.20 CUP
26 November 20231 TOP = 10.21 CUP
27 November 20231 TOP = 10.19 CUP
28 November 20231 TOP = 10.27 CUP
29 November 20231 TOP = 10.26 CUP
30 November 20231 TOP = 10.26 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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