Historic Kyrgyzstani som South Korean Won

01/01/2022: Transition to Central Bank of Russia Currency

Kyrgyzstan joined the Eurasian Economic Union and adopted the Russian ruble as its official currency, replacing the Kyrgyzstani Som.

13/03/2020: COVID-19 Pandemic Effects

The COVID-19 pandemic caused economic disruptions and uncertainty, affecting the Kyrgyzstani Som's exchange rate.

20/05/2014: Kazakhstani Tenge Devaluation

Kazakhstan devalued its currency, the tenge, which had a significant impact on the Kyrgyzstani Som, leading to its depreciation.

07/04/2010: Protests and Political Unrest

Large-scale protests and political unrest erupted in Kyrgyzstan, causing instability and impacting the value of the Som.

01/12/2008: Global Financial Crisis Impact

The global financial crisis led to a sharp depreciation of the Kyrgyzstani Som, affecting the country's economy.

27/10/2008: Global Financial Crisis

The Korean Won faced significant volatility during the global financial crisis, as global markets tumbled and investor confidence wavered.

01/01/1998: Establishment of IMF Program

South Korea agreed to an International Monetary Fund (IMF) bailout package, which stabilized the value of the Korean Won and initiated economic reforms.

03/12/1997: Asian Financial Crisis

The Korean Won experienced a sharp depreciation during the Asian Financial Crisis, causing severe economic hardships and requiring international assistance.

01/11/1995: Introduction of New Som

The Kyrgyzstani government introduced the new som, with 1 new som being equivalent to 200 old som.

10/05/1993: Introduction of the Kyrgyzstani Som

The Kyrgyzstani Som was introduced as the official currency of Kyrgyzstan, replacing the Soviet ruble.

27/02/1980: Declaration of Martial Law

Amidst political turmoil, President Chun Doo-hwan declared martial law, causing economic instability and impacting the value of the Korean Won.

22/06/1962: Introduction of the Hwan

To combat inflation, the South Korean government introduced the Hwan as the new currency, replacing the old Korean Won.

27/07/1953: Armistice Agreement

Following the Korean War, the Armistice Agreement was signed, stabilizing the region and aiding in the recovery of the Korean Won.

15/08/1945: Liberation from Japanese Rule

Upon the end of Japanese colonial rule, the Korean Won was introduced as the official currency of South Korea.