26/06/2020: Currency peg under review
Barbados announced that it would review the decades-long currency peg of 2:1 with the US dollar, considering a shift to a floating exchange rate.
15/08/2018: Elections and Political Uncertainty
The Real experienced significant volatility leading up to the Presidential elections, responding to political developments and market sentiment.
22/01/2015: Real Hits 10-Year Low
The Real reached its lowest level against the US dollar in a decade, primarily due to a decline in commodity prices and economic concerns.
05/08/2013: Devaluation of currency
Barbados devalued its currency by 10% to stimulate economic growth and competitiveness.
15/09/2008: Global Financial Crisis Impact
As a consequence of the global financial crisis, the Brazilian Real faced a sharp depreciation against major currencies due to capital outflows and risk aversion.
27/07/2005: New Currency Symbol
The Central Bank of Brazil announced a public competition to select a new currency symbol, which resulted in the adoption of the official symbol for the Real.
18/06/2002: Exchange Rate Floatation
The Brazilian government allowed the Real to float freely against other currencies, abandoning the controlled exchange rate regime.
15/01/1999: Devaluation of the Real
Due to the Russian financial crisis and the Asian financial crisis, the government devalued the Real by around 8% to boost exports and stimulate the economy.
24/07/1995: New currency design
Barbados introduced a new design for its currency, featuring national symbols and landmarks.
01/07/1994: Introduction of the Real Plan
The Brazilian real was established as the official currency, replacing the hyperinflation-ridden Cruzeiro Real. It aimed to stabilize the economy and combat inflation.
05/05/1975: Introduction of decimalization
Barbados introduced decimalization, dividing the Barbadian Dollar into 100 cents.
01/01/1973: Fixed exchange rate
Barbados fixed its currency exchange rate to the US dollar at a rate of 2 Barbadian Dollars to 1 US Dollar.
03/07/1972: Barbados gains independence
Barbados gained independence from British rule, leading to the establishment of the Central Bank of Barbados.
01/10/1935: Introduction of Barbadian Dollar
The Barbadian Dollar was introduced as the official currency of Barbados, replacing the East Caribbean dollar.