07/10/2019: Modernization of Banknotes
The Honduran Central Bank launched new banknotes with enhanced security features and improved designs to deter counterfeiting.
15/11/2018: New Currency Notes Introduced
Iceland released updated banknotes and coins featuring improved security measures and new designs, modernizing the Krona's physical appearance.
15/03/2015: Capital Controls Lifted
Iceland lifted its capital controls, implemented after the financial crisis, allowing for more flexible foreign exchange transactions.
14/11/2010: IMF Loan Approved
Iceland secured a $2.1 billion loan from the International Monetary Fund, stabilizing the Krona and aiding economic recovery.
27/01/2009: Currency Crisis
Honduras faced a severe currency crisis due to political instability, causing a decline in the value of the Lempira.
06/10/2008: Financial Crisis Begins
The collapse of Icelandic banks and subsequent financial crisis severely devalued the Krona, leading to economic turmoil.
15/06/1997: Monetary Integration
Honduras became a member of the Central American Monetary Integration System, aiming to promote economic stability and regional cooperation.
05/03/1981: Stock Exchange Established
The Icelandic Stock Exchange was founded, promoting economic growth and affecting the Krona's value.
15/03/1967: Introduction of the New Lempira
A new design and denomination of the Lempira banknotes were introduced in order to combat counterfeiting.
03/09/1950: Devaluation of the Lempira
The Lempira experienced a significant devaluation, causing economic instability and inflation in Honduras.
11/10/1940: Monetary Reforms
Honduran government implemented monetary reforms to stabilize the Lempira and improve its value.
10/05/1940: Occupation of Iceland
Following the German occupation of Denmark, Iceland became occupied by British forces, impacting the currency's stability.
07/03/1931: Creation of the Lempira
The Honduran currency, the Lempira, was introduced to replace the Honduran peso as the official currency.
01/01/1922: Currency Board Established
The Icelandic Krona was introduced under the Danish Krone pegged to 1 Krone = 100 aurar.