01/01/2022: Currency Floatation
Angola transitioned from a fixed exchange rate to a floating exchange rate system, allowing the Kwanza's value to be determined by the market forces of supply and demand.
30/10/2020: Kwanza Devaluation
In response to economic challenges, Angola devalued the Kwanza by approximately 24%, increasing the exchange rate from 165 to 195 Kwanzas per US dollar.
26/06/2020: Currency peg under review
Barbados announced that it would review the decades-long currency peg of 2:1 with the US dollar, considering a shift to a floating exchange rate.
05/08/2013: Devaluation of currency
Barbados devalued its currency by 10% to stimulate economic growth and competitiveness.
15/04/2013: Currency Redesign
Angola launched a new series of banknotes, featuring improved security features and new designs to reflect national landmarks and culture.
08/11/1999: Return to Kwanza
Angola reintroduced the Kwanza as the official currency, replacing the Kwanza Reajustado, at a rate of 1,000 Kwanza Reajustado to 1 Kwanza.
18/02/1999: Introduction of Kwanza Reajustado
Kwanza Reajustado was introduced as a temporary currency, with 1 Kwanza Reajustado equal to 1,000 regular Kwanzas.
24/07/1995: New currency design
Barbados introduced a new design for its currency, featuring national symbols and landmarks.
31/03/1990: Kwanza Revaluation
In an attempt to combat hyperinflation, the government redenominated the currency, with 1 new Kwanza equal to 1,000 old Kwanzas.
08/01/1977: Introduction of the Kwanza
Angola introduced the first Kwanza currency, replacing the Portuguese Escudo, with 1 Kwanza equal to 1 Escudo.
05/05/1975: Introduction of decimalization
Barbados introduced decimalization, dividing the Barbadian Dollar into 100 cents.
01/01/1973: Fixed exchange rate
Barbados fixed its currency exchange rate to the US dollar at a rate of 2 Barbadian Dollars to 1 US Dollar.
03/07/1972: Barbados gains independence
Barbados gained independence from British rule, leading to the establishment of the Central Bank of Barbados.
01/10/1935: Introduction of Barbadian Dollar
The Barbadian Dollar was introduced as the official currency of Barbados, replacing the East Caribbean dollar.