31/12/2020: Digital Currency Pilot
Azerbaijan launched a pilot program to test the use of a digital currency, the digital manat, in an effort to modernize its financial system.
01/11/2019: 25th Anniversary of the Convertible Mark
Bosnia and Herzegovina celebrated the 25th anniversary of the introduction of the Convertible Mark as its national currency.
20/12/2017: Second Devaluation
The manat faced another devaluation, this time by around 30%, due to economic challenges and a sharp drop in oil prices.
15/08/2017: New Banknote Denominations
New banknote denominations of 200 BAM and 1,000 BAM were introduced to facilitate transactions and enhance the efficiency of cash handling.
20/12/2015: Devaluation
The manat was devalued by more than 30% against the US dollar in response to falling oil prices.
09/03/2010: New Polymer Banknotes
The Central Bank of Bosnia and Herzegovina introduced polymer banknotes to replace the paper banknotes, increasing durability and security.
20/02/2005: Pegged to US Dollar
The Azerbaijani manat was pegged to the US dollar at a rate of 1.6 manat per dollar.
28/02/2002: Replacement of Deutsche Mark with Euro
The Deutsche Mark was replaced by the euro as the main reference currency for the Convertible Mark's fixed exchange rate.
14/06/2001: Currency Reform
A currency reform was implemented, resulting in a new manat with a higher exchange rate.
02/07/1998: Issuance of New Banknote Series
A new series of banknotes was issued, featuring updated designs and enhanced security features.
01/07/1997: Currency Board Arrangement
A Currency Board Arrangement was established to maintain a fixed exchange rate between the Convertible Mark and the Deutsche Mark.
22/06/1995: Introduction of the Convertible Mark
The Convertible Mark was introduced as the official currency of Bosnia and Herzegovina, replacing the Yugoslav dinar.
31/12/1993: Hyperinflation
Azerbaijan experienced a period of hyperinflation, leading to the devaluation of the manat.
14/08/1992: Introduction of Manat
The Azerbaijani manat currency was introduced as the official currency of Azerbaijan, replacing the Soviet ruble.