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.
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.
01/01/2010: Removal of 1 cent coin from circulation
Due to its low purchasing power and production costs, the 1 cent coin was withdrawn from circulation in the Cayman Islands.
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.
01/11/2007: Transition from Crown Dependencies to Overseas Countries and Territories
The Cayman Islands, including its currency, transitioned from being labeled as a Crown Dependency to an Overseas Country and Territory.
01/01/2001: Issuance of New Banknotes and Coins
New banknotes and coins with enhanced security features were introduced to combat counterfeiting.
01/01/1999: Introduction of Cayman Islands Currency Law
The Cayman Islands Currency Law was enacted to provide a legal framework for the issuance and regulation of the currency.
01/07/1997: Pegging of the Cayman Islands Dollar to the US Dollar
The Cayman Islands dollar was pegged to the US dollar at a fixed exchange rate of KYD 1.00 = USD 1.20.
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.
07/11/1974: Creation of the Cayman Islands Monetary Authority
The Cayman Islands Monetary Authority was established as the central bank responsible for regulating the currency and financial institutions.
01/01/1972: Introduction of Cayman Islands Dollar
The Cayman Islands dollar was first introduced as the official currency, replacing the Jamaican dollar.