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.
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.
20/12/2015: Devaluation
The manat was devalued by more than 30% against the US dollar in response to falling oil prices.
10/10/2013: Plastic Banknotes Introduced
Polymer banknotes made of plastic were introduced to improve the durability and security of Fijian currency.
28/04/2009: Floating Exchange Rate
Fiji adopted a floating exchange rate regime, allowing the value of the Fijian Dollar to be determined by market forces.
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.
14/06/2001: Currency Reform
A currency reform was implemented, resulting in a new manat with a higher exchange rate.
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.
14/01/1985: Currency Devaluation
Fijian Dollar was devalued by 20% to combat economic instability caused by a trade deficit.
15/01/1971: Fixed Exchange Rate
Fijian Dollar was pegged to the Australian Dollar at a fixed exchange rate of 1:1.
12/12/1969: Decimalization of Currency
Fiji switched from the pound system to decimal currency, introducing the Fijian Dollar divided into 100 cents.
01/01/1875: Introduction of Fijian Currency
Fijian Coins and Banknotes were introduced as legal tender, replacing Spanish Dollars.
10/10/1873: Devaluation of Spanish Dollars
The Spanish Dollars were devalued by 20% in the British Colony of Fiji, leading to a change in currency.