31/12/2020: Digital Currency Pilot
Azerbaijan launched a pilot program to test the use of a digital currency, the digital manat, in an effort to modernize its financial system.
20/12/2017: Second Devaluation
The manat faced another devaluation, this time by around 30%, due to economic challenges and a sharp drop in oil prices.
05/04/2016: End of currency intervention
The Czech National Bank ended its currency intervention policy, allowing the koruna to float freely and be determined by market forces.
20/12/2015: Devaluation
The manat was devalued by more than 30% against the US dollar in response to falling oil prices.
06/11/2013: Currency intervention
The Czech National Bank implemented a currency intervention policy to weaken the koruna and stimulate the country's economy.
09/10/2008: Global financial crisis impact
The koruna experienced significant depreciation during the global financial crisis, reflecting the economic challenges faced by the Czech Republic.
30/04/2007: EU membership benefits
The Czech Republic became a member of the European Union's economic and monetary union, allowing for greater stability and cooperation for the koruna.
20/02/2005: Pegged to US Dollar
The Azerbaijani manat was pegged to the US dollar at a rate of 1.6 manat per dollar.
30/04/2004: EU Accession
The Czech Republic joined the European Union, paving the way for further integration of the koruna with European monetary policies.
14/06/2001: Currency Reform
A currency reform was implemented, resulting in a new manat with a higher exchange rate.
31/12/1993: Hyperinflation
Azerbaijan experienced a period of hyperinflation, leading to the devaluation of the manat.
30/06/1993: Currency conversion
The Czech Republic adopted a new currency regime, shifting from a fixed exchange rate to a floating exchange rate for the koruna.
07/02/1993: Establishment of Czech koruna
The Czech koruna was introduced as the official currency of the Czech Republic following the dissolution of Czechoslovakia.
14/08/1992: Introduction of Manat
The Azerbaijani manat currency was introduced as the official currency of Azerbaijan, replacing the Soviet ruble.