18/07/2016: New Polymer Banknotes Issued
The Falkland Islands government introduces new polymer banknotes to replace the older paper versions, enhancing the durability and security of their currency.
01/01/2011: Replacement of Paper Banknotes with Polymer Banknotes
Panama replaced the paper banknotes with polymer banknotes to enhance durability and security of the Balboa currency.
14/06/1983: Pegging to the Pound Sterling
The Falkland Islands pound (FKP) is officially pegged to the British pound sterling (GBP) at a 1:1 ratio, ensuring a stable exchange rate.
31/03/1983: Currency Control Law Implemented
Panama implemented a currency control law to regulate the use and circulation of the Balboa and prevent counterfeiting.
14/05/1971: New Decimalized Currency Introduced
The Falkland Islands pound (FKP) is decimalized, with the introduction of a new currency system based on the decimal system.
15/10/1941: First Issue of Panamanian Balboa Banknotes
The first series of paper banknotes denominated in Balboa were issued by the Panamanian Currency Board.
01/10/1941: Introduction of the Balboa as Legal Tender
The Panamanian government introduced the Balboa as a legal tender, equivalent in value to the US dollar.
01/10/1908: Creation of Panamanian Currency Board
The Panamanian Currency Board was established to issue paper money and stabilize the monetary system.
01/01/1907: Use of US Dollar in Panama
The US dollar became the official currency of Panama due to the presence of American workers during the canal construction.
18/11/1904: Panama Canal Construction Begins
The construction of the Panama Canal started, which would later lead to the need for a national currency.
28/04/1899: Currency Board Established
The Falkland Islands Currency Board is established, introducing the first Falkland Islands pound (FKP) as the official currency.
02/01/1833: Argentina Removed from Islands
British forces remove Argentine authorities from the Falkland Islands, solidifying British control over the territory.
03/01/1829: First British Colony Declared
British Captain Onslow declares the Falkland Islands a British colony, leading to the establishment of a formal British presence in the region.
02/01/1764: First British Settlement
British Captain Byron claims the Falkland Islands for Britain, establishing the first permanent British settlement in the region.