20/03/2020: COVID-19 Pandemic Effects
The outbreak of the COVID-19 pandemic causes global economic turmoil, leading to volatility in the New Zealand dollar exchange rate and GDP contraction.
01/01/2020: Transition to Polymer Banknotes
Polymer banknotes were introduced in Guyana, enhancing the durability and security features of the Guyanese dollar.
10/10/2008: Global Financial Crisis Hits New Zealand
New Zealand experiences the impact of the global financial crisis, leading to a sharp depreciation of the New Zealand dollar and economic slowdown.
10/07/2005: Polymer Banknotes Introduced
New Zealand introduces polymer banknotes, replacing the traditional paper notes for increased durability and security.
03/02/2003: Redenomination of the Currency
The Guyanese dollar underwent a redenomination, with old banknotes replaced by new notes at a rate of 1,000 old dollars to 1 new dollar.
05/10/1992: Resumption of Banking System
The resumption of the banking system in Guyana significantly improved the stability and accessibility of the Guyanese dollar.
05/10/1987: Black Monday Stock Market Crash
Global stock market crash leads to a significant devaluation of the New Zealand dollar and a deep recession in the country.
04/03/1985: Floating Exchange Rate Introduced
New Zealand dollar is allowed to float freely against other currencies, marking the end of fixed exchange rates.
26/05/1966: Independence of Guyana
Following Guyana's independence from Britain, the currency was renamed from British Guiana dollar to Guyanese dollar.
10/07/1961: Decimalization of Currency
New Zealand adopts the decimal currency system, replacing the pound with the New Zealand dollar. NZ$1 is equivalent to NZ£2.
12/09/1951: Currency Board Established
A Currency Board was established to manage the British Guiana dollar, ensuring its stability and convertibility.
19/10/1933: New Zealand Pound Pegged to the British Pound
New Zealand pound is pegged to the British pound at a rate of £1 to NZ£0.624275.
06/08/1917: Currency Act of 1917
The British Guiana dollar was revalued at a rate of 4.80 dollars to 1 U.S. dollar, following the Currency Act of 1917.
18/01/1839: Introduction of the British Guiana dollar
British Guiana dollar introduced as the official currency of British Guiana, replacing the Spanish and Portuguese coins previously in circulation.