13/03/2020: COVID-19 Impact
The outbreak of the COVID-19 pandemic caused global economic uncertainty, leading to a decline in the value of the Georgian Lari and affecting the country's financial stability.
25/01/2016: Currency Restructuring
The National Bank of Georgia implemented currency restructuring measures to stabilize the value of the Lari and restore confidence in the national currency.
29/12/2014: Introduction of new Bahamian dollar variants
New variants of the Bahamian dollar banknotes, featuring improved security features, were introduced to combat counterfeit money.
10/03/2011: Lari Depreciation
The Georgian Lari experienced a sharp depreciation, reaching a record low against the U.S. dollar, due to various economic factors and a global financial crisis.
13/08/2008: Russian Invasion
During the Russo-Georgian War, the Georgian Lari faced significant devaluation due to the economic and political instability caused by the invasion.
01/01/2002: Euro Conversion Rate
The conversion rate of 1 Euro = 1936.27 GEL was fixed, as Georgia adopted the Euro as its main reference currency.
27/04/1999: Introduction of New Lari
The New Lari was introduced as the second and current official currency of Georgia, replacing the old Lari at a rate of 1 New Lari = 1,000 old Lari.
25/07/1995: Introduction of the Lari
The Georgian Lari was introduced as the official currency of Georgia, replacing the Russian ruble at a rate of 1 Lari = 1 million rubles.
27/12/1974: Devaluation of the Bahamian dollar
The Bahamian dollar was devalued by 50% to stimulate the country's tourism industry and boost its economy.
10/07/1973: Independence from British rule
The Bahamas gained independence from British rule, maintaining the Bahamian dollar as its currency.
09/09/1969: Currency Board Agreement
The Bahamas entered into a Currency Board Agreement with the Eastern Caribbean Currency Authority, establishing fixed exchange rates for their currencies.
01/01/1966: Introduction of the Bahamian dollar
The Bahamian dollar was introduced, replacing the British pound as the official currency of the Bahamas.
06/08/1866: Adoption of the British pound
The Bahamas officially adopted the British pound sterling as their currency, replacing the Bahamian pound.
06/06/1853: Introduction of the Bahamian pound
The Bahamian pound was introduced as the official currency of the Bahamas, replacing the Spanish dollar.