29/12/2014: Introduction of new Bahamian dollar variants
New variants of the Bahamian dollar banknotes, featuring improved security features, were introduced to combat counterfeit money.
07/11/2013: Change in banknote design and security features
The Bank of Canada introduced new polymer banknotes with enhanced security features and redesigned motifs, replacing the paper-based notes in circulation since 1935.
27/12/1974: Devaluation of the Bahamian dollar
The Bahamian dollar was devalued by 50% to stimulate the country's tourism industry and boost its economy.
10/07/1973: Independence from British rule
The Bahamas gained independence from British rule, maintaining the Bahamian dollar as its currency.
15/08/1971: Canada switches to a floating exchange rate
Canada abandoned its fixed exchange rate system and adopted a floating exchange rate, allowing the value of the Canadian dollar to fluctuate in response to market forces.
09/09/1969: Currency Board Agreement
The Bahamas entered into a Currency Board Agreement with the Eastern Caribbean Currency Authority, establishing fixed exchange rates for their currencies.
01/01/1966: Introduction of the Bahamian dollar
The Bahamian dollar was introduced, replacing the British pound as the official currency of the Bahamas.
01/03/1950: Introduction of the Canadian dollar's decimalization
Canada adopted a decimal currency system, dividing the dollar into 100 cents, replacing the previous system based on pounds, shillings, and pence.
01/01/1933: Currency depreciation during the Great Depression
The Canadian dollar experienced significant depreciation during the Great Depression due to economic uncertainty and a decrease in international trade.
02/01/1914: Introduction of the Canadian Dollar Act
The Canadian Dollar Act established the Canadian dollar as the sole currency of Canada and gave the government control over its issuance.
06/08/1866: Adoption of the British pound
The Bahamas officially adopted the British pound sterling as their currency, replacing the Bahamian pound.
01/01/1858: Introduction of the Canadian dollar
The Canadian pound was replaced by the Canadian dollar as the official currency of Canada, helping to unify the currency across the country.
06/06/1853: Introduction of the Bahamian pound
The Bahamian pound was introduced as the official currency of the Bahamas, replacing the Spanish dollar.
01/01/1841: Introduction of the Canadian pound
The first Canadian currency was the Canadian pound, which was introduced to replace British pounds in the Province of Canada.