01/01/2021: Introduction of New Banknotes
New banknotes with enhanced security features were introduced, replacing the previous designs.
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.
20/12/2016: Abolishment of Currency Controls
Belarus abolished most of the currency controls, allowing for greater flexibility in foreign currency transactions.
15/03/2015: Capital Controls Lifted
Iceland lifted its capital controls, implemented after the financial crisis, allowing for more flexible foreign exchange transactions.
01/01/2015: Introduction of Currency Controls
To stabilize the economy, Belarus implemented currency controls, restricting foreign currency transactions.
22/12/2014: Devaluation of the Belarusian Ruble
The Belarusian Ruble experienced a significant devaluation, causing a sharp drop in its value against major currencies.
01/07/2011: Creation of the Single Currency Market
The Single Currency Market was established, allowing for unified exchange rates between the Belarusian Ruble and foreign currencies.
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.
06/10/2008: Financial Crisis Begins
The collapse of Icelandic banks and subsequent financial crisis severely devalued the Krona, leading to economic turmoil.
01/01/2000: Redenomination of the Belarusian Ruble
The Belarusian Ruble underwent a redenomination, with four zeros being removed from the currency.
26/05/1992: Introduction of the Belarusian Ruble
The Belarusian Ruble was introduced as the official currency of Belarus, replacing the Soviet ruble.
05/03/1981: Stock Exchange Established
The Icelandic Stock Exchange was founded, promoting economic growth and affecting the Krona's value.
10/05/1940: Occupation of Iceland
Following the German occupation of Denmark, Iceland became occupied by British forces, impacting the currency's stability.
01/01/1922: Currency Board Established
The Icelandic Krona was introduced under the Danish Krone pegged to 1 Krone = 100 aurar.