25/02/2020: Introduction of New Large Denomination Banknotes
Uzbekistan introduced new 100,000 and 200,000 som banknotes to meet the requirements of the growing economy and reduce cash circulation.
08/02/2019: Exchange Rate Unification
Uzbekistan unified the official and black-market exchange rates, allowing for more transparency in currency transactions.
06/09/2018: Announcement of new dinar notes
The Central Bank of Libya announces the release of new dinar banknotes with enhanced security features to combat counterfeiting.
03/09/2018: Denomination of Uzbekistani Som
Uzbekistan announced a 1:10,000 denomination of the som, as part of ongoing currency reform.
05/09/2017: Floating Exchange Rate Regime
Uzbekistan transitioned to a floating exchange rate regime, allowing the Uzbekistani Som's value to be determined by market forces.
28/07/2014: Recognition of rival governments
The Libyan Supreme Court recognizes two rival governments, further fragmenting the country and impacting the value of the dinar.
17/02/2011: Start of the Libyan Civil War
The Libyan Civil War begins, leading to political instability and further devaluation of the Libyan dinar.
10/03/2001: Introduction of New Uzbekistani Som
Uzbekistan introduced a new som, with 1 new som equaling 1,000 old soms, as a result of currency reform.
01/07/1994: Redenomination of Uzbekistani Som
Uzbekistan redenominated its currency, with 1 new som replacing 1,000 old soms to combat hyperinflation.
01/07/1993: Introduction of Uzbekistani Som
Uzbekistani Som (UZS) was introduced as the official currency of Uzbekistan after the country gained independence from the Soviet Union.
07/04/1986: US imposes economic sanctions
The United States imposes economic sanctions on Libya, severely impacting the value and stability of the Libyan dinar.
02/03/1978: Establishment of the Central Bank of Libya
The Central Bank of Libya is established, becoming the sole authority responsible for issuing and managing the Libyan dinar.
08/09/1971: Introduction of the Libyan dinar
The Libyan pound is replaced by the Libyan dinar, at a rate of 1 dinar = 1 pound.
24/12/1951: Independence of Libya
Libya gains independence from Italy, introducing the Libyan pound as its currency.