31/12/2020: Digital Currency Pilot
Azerbaijan launched a pilot program to test the use of a digital currency, the digital manat, in an effort to modernize its financial system.
30/06/2020: Introduction of new banknotes
New banknotes of the Croatian kuna were introduced to enhance security features and improve durability.
20/12/2017: Second Devaluation
The manat faced another devaluation, this time by around 30%, due to economic challenges and a sharp drop in oil prices.
20/12/2015: Devaluation
The manat was devalued by more than 30% against the US dollar in response to falling oil prices.
30/06/2013: Croatia becomes EU member
Croatia officially became a member of the European Union, strengthening the integration of the kuna within the European financial system.
30/06/2008: The Croatian National Bank takes over currency issuance
The Croatian National Bank started issuing all denominations of kuna banknotes, taking over this responsibility from the Croatian Monetary Institute.
20/02/2005: Pegged to US Dollar
The Azerbaijani manat was pegged to the US dollar at a rate of 1.6 manat per dollar.
30/06/2004: Croatia joins EU Exchange Rate Mechanism
Croatia joined the European Union Exchange Rate Mechanism, a precursor to adopting the Euro as the country's currency.
14/06/2001: Currency Reform
A currency reform was implemented, resulting in a new manat with a higher exchange rate.
14/11/1999: Currency stabilization
The Croatian National Bank implemented measures to stabilize the value of the kuna, reducing inflation and ensuring economic stability.
30/06/1997: Kuna becomes convertible currency
The Croatian Kuna became a fully convertible currency, allowing for free exchange and trade.
29/05/1994: Introduction of the Croatian Kuna
The Croatian kuna was introduced as the official currency of Croatia, replacing the Yugoslav Dinar.
31/12/1993: Hyperinflation
Azerbaijan experienced a period of hyperinflation, leading to the devaluation of the manat.
14/08/1992: Introduction of Manat
The Azerbaijani manat currency was introduced as the official currency of Azerbaijan, replacing the Soviet ruble.