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.
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.
11/09/1970: Introduction of the New Peso
The New Central Bank Act is enacted, leading to the introduction of a new currency called the New Peso, with a conversion rate of 1 New Peso to 2 old pesos.
04/07/1949: Central Bank of the Philippines
The Central Bank of the Philippines is established with the task of issuing and managing the Philippine currency.
20/10/1944: Introduction of the Philippine Liberation Peso
The United States-issued Philippine Liberation Peso is introduced to replace the Japanese-issued currency, serving as a transitional currency.
02/01/1942: Japanese Occupation
During World War II, the Japanese forces occupy the Philippines and introduce the Japanese-issued Philippine peso, known as Mickey Mouse money.
24/12/1933: Introduction of the Commonwealth Peso
The Commonwealth Act No. 265 is passed, creating a new Philippine currency called the Commonwealth Peso to replace the previous Peso.
12/06/1898: Philippine Independence
The Philippines declares independence from Spanish rule, leading to the establishment of the First Philippine Republic and the issuance of new currency.
01/05/1852: Introduction of the Peso
The Spanish colonial government issues the first official currency of the Philippines, known as the Peso, with a conversion rate of 2 Spanish reales to 1 Peso.