01/01/2021: Introduction of New Banknotes
New banknotes with enhanced security features were introduced, replacing the previous designs.
23/03/2020: COVID-19 Pandemic Impact
The rand experienced significant volatility and depreciation as a result of the COVID-19 pandemic, affecting the country's economy and trade balance.
20/12/2016: Abolishment of Currency Controls
Belarus abolished most of the currency controls, allowing for greater flexibility in foreign currency transactions.
01/01/2015: Introduction of Currency Controls
To stabilize the economy, Belarus implemented currency controls, restricting foreign currency transactions.
22/12/2014: Devaluation of the Belarusian Ruble
The Belarusian Ruble experienced a significant devaluation, causing a sharp drop in its value against major currencies.
01/07/2011: Creation of the Single Currency Market
The Single Currency Market was established, allowing for unified exchange rates between the Belarusian Ruble and foreign currencies.
15/12/2008: Global Financial Crisis Impact
The rand plunged against major currencies due to the global financial crisis and concerns about South Africa's economic stability.
09/11/2001: Rand Weakens to Record Low
The rand weakened to an all-time low against the US dollar, due to global economic uncertainty and domestic political concerns.
01/01/2000: Redenomination of the Belarusian Ruble
The Belarusian Ruble underwent a redenomination, with four zeros being removed from the currency.
01/01/1995: Establishment of Reserve Bank Independence
The South African Reserve Bank gained independence, allowing it to have more control over monetary policy.
27/04/1994: First Democratic Elections
The first democratic elections were held in South Africa, marking the end of apartheid and bringing political stability, positively affecting the rand's value.
26/05/1992: Introduction of the Belarusian Ruble
The Belarusian Ruble was introduced as the official currency of Belarus, replacing the Soviet ruble.
01/08/1982: Currency Decimalization
The rand was decimalized, with 1 rand being equal to 100 cents.
14/09/1961: Introduction of the Rand
The South African rand was introduced as the official currency, replacing the South African pound.