29/06/2018: East African Community Currency Integration
Burundi joins the East African Community (EAC) currency integration, paving the way for a future unified currency within the region.
17/10/2011: Introduction of New Banknotes
New banknotes with enhanced security features and updated designs are introduced in denominations of 500, 1000, 2000, 5000, and 10,000 Francs.
20/05/2007: Kuwaiti Dinar Redenominated
The Kuwaiti Dinar underwent a redenomination, with the introduction of new banknotes and removal of three zeros from the currency.
30/06/2003: Second Currency Revaluation
The Burundian Franc undergoes another significant devaluation as part of the second currency revaluation program.
20/03/2003: US Invasion of Iraq
The United States and its allies invaded Iraq, leading to a period of uncertainty and affecting the value of the Kuwaiti Dinar.
30/04/1995: Printing of Banknotes
The first locally printed banknotes, issued in denominations of 10, 20, 50, 100, 500, 1000, and 5000 Francs, are circulated.
25/03/1991: Kuwait Liberated
Coalition forces led by the United States liberated Kuwait from Iraqi occupation, restoring stability to the country and its currency.
20/10/1990: Introduction of New Coins
New coins are introduced in denominations of 1, 5, 10, 50, and 100 Francs.
02/08/1990: Iraqi Invasion of Kuwait
Iraqi forces invaded Kuwait, leading to the Gulf War and causing a significant decline in the value of the Kuwaiti Dinar.
22/09/1985: First Currency Revaluation
The Burundian Franc is significantly devalued as part of a currency revaluation program.
16/09/1980: Iraq-Iran War Begins
The Iraq-Iran War started, leading to economic instability in the region and affecting the value of the Kuwaiti Dinar.
20/10/1975: Kuwait Dinar Pegged to Special Drawing Rights (SDR)
Kuwait pegged its currency to a basket of international currencies known as Special Drawing Rights (SDR) instead of the US Dollar.
02/01/1961: Kuwaiti Dinar Introduced
The Kuwaiti Dinar (KWD) was officially introduced as the currency of Kuwait, replacing the Gulf Rupee.
30/06/1960: Independence from Belgium
Burundi gains independence from Belgium, establishing the Burundian Franc as its official currency.