30/06/2020: Introduction of new banknotes
New banknotes of the Croatian kuna were introduced to enhance security features and improve durability.
23/03/2020: COVID-19 Pandemic Impact
The rand experienced significant volatility and depreciation as a result of the COVID-19 pandemic, affecting the country's economy and trade balance.
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.
15/12/2008: Global Financial Crisis Impact
The rand plunged against major currencies due to the global financial crisis and concerns about South Africa's economic stability.
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.
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.
09/11/2001: Rand Weakens to Record Low
The rand weakened to an all-time low against the US dollar, due to global economic uncertainty and domestic political concerns.
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.
01/01/1995: Establishment of Reserve Bank Independence
The South African Reserve Bank gained independence, allowing it to have more control over monetary policy.
29/05/1994: Introduction of the Croatian Kuna
The Croatian kuna was introduced as the official currency of Croatia, replacing the Yugoslav Dinar.
27/04/1994: First Democratic Elections
The first democratic elections were held in South Africa, marking the end of apartheid and bringing political stability, positively affecting the rand's value.
01/08/1982: Currency Decimalization
The rand was decimalized, with 1 rand being equal to 100 cents.
14/09/1961: Introduction of the Rand
The South African rand was introduced as the official currency, replacing the South African pound.