01/01/2022: Transition to Central Bank of Russia Currency
Kyrgyzstan joined the Eurasian Economic Union and adopted the Russian ruble as its official currency, replacing the Kyrgyzstani Som.
13/03/2020: COVID-19 Pandemic Effects
The COVID-19 pandemic caused economic disruptions and uncertainty, affecting the Kyrgyzstani Som's exchange rate.
23/06/2016: Brexit Referendum
The United Kingdom voted to leave the European Union, causing significant uncertainty and volatility in the pound sterling's value.
20/05/2014: Kazakhstani Tenge Devaluation
Kazakhstan devalued its currency, the tenge, which had a significant impact on the Kyrgyzstani Som, leading to its depreciation.
07/04/2010: Protests and Political Unrest
Large-scale protests and political unrest erupted in Kyrgyzstan, causing instability and impacting the value of the Som.
01/12/2008: Global Financial Crisis Impact
The global financial crisis led to a sharp depreciation of the Kyrgyzstani Som, affecting the country's economy.
31/12/1999: Establishment of the Euro
The euro was introduced as an electronic currency, paving the way for the eventual replacement of some national currencies, including the pound.
01/11/1995: Introduction of New Som
The Kyrgyzstani government introduced the new som, with 1 new som being equivalent to 200 old som.
10/05/1993: Introduction of the Kyrgyzstani Som
The Kyrgyzstani Som was introduced as the official currency of Kyrgyzstan, replacing the Soviet ruble.
16/09/1992: Black Wednesday
The pound sterling experienced a severe drop in value and the UK was forced to withdraw from the European Exchange Rate Mechanism (ERM).
14/02/1971: Decimalization of the Pound
The pound sterling was decimalized, with the old system of pounds, shillings and pence replaced by a decimal currency.
06/12/1921: Currency Separation with Ireland
Following the Anglo-Irish Treaty, Ireland left the United Kingdom and established its own currency, leading to separate pound sterling notes.
21/12/1816: Gold Standard Introduced
The pound sterling was officially placed on the gold standard, meaning it was backed by a fixed amount of gold.
27/07/1694: Bank of England Established
The Bank of England was founded and granted a royal charter, becoming the central bank of England.