20/12/2019: Macao–Hong Kong Financial Cooperation Agreement signed
The Macau and Hong Kong authorities signed a financial cooperation agreement to strengthen monetary and financial stability, impacting the value and role of the Macanese pataca.
01/07/2019: Redenomination of the Belarusian Ruble
Belarusian ruble undergoes another redenomination, with 10,000 old rubles being exchanged for 1 new ruble.
01/12/2016: Introduction of new 20 and 50 ruble banknotes
New banknotes with improved security features and modern designs are introduced in denominations of 20 and 50 rubles.
20/05/2009: Devaluation of the Belarusian Ruble
Due to economic crisis, the Belarusian ruble devalues by approximately 20% against major foreign currencies.
28/05/2000: Introduction of New Coins
New coins, denominated in kopeks, are introduced alongside the ruble banknotes.
30/06/1998: Introduction of New Banknotes
New series of banknotes is introduced, featuring improved security features and designs.
08/05/1995: Currency board system implemented
Macau adopted a currency board system, establishing a fixed exchange rate between the Macanese pataca and the Hong Kong dollar.
24/05/1994: Belarusian Ruble Redenomination
To stabilize the currency, the Belarusian ruble undergoes a redenomination, with 10,000 old rubles being exchanged for 1 new ruble.
20/05/1992: Introduction of the Belarusian Ruble
The Belarusian Ruble is introduced as the official currency of Belarus, replacing the Soviet ruble at a rate of 1 Belarusian ruble to 10 Soviet rubles.
20/10/1977: Internationalization of the pataca
Macau allowed the international use and exchange of the Macanese pataca, strengthening its role as a stable and convertible currency.
08/06/1967: Link with Portuguese escudo reestablished
The Macanese pataca was once again pegged to the Portuguese escudo, ending the gold standard era.
18/06/1948: Gold standard introduced
The Macanese pataca switched to the gold standard, with its value pegged to gold coins. The gold standard lasted until 1967.
17/03/1906: Silver standard established
Macau adopted the silver standard for the pataca, linking its value to silver coins in circulation. This standard remained in place until 1948.
27/10/1901: Introduction of Macanese pataca
The Macanese pataca was first introduced as the official currency of Macau, replacing the Portuguese real. It was initially pegged to the Portuguese escudo.