04/06/2020: Exchange rate stabilization
Efforts were made to stabilize the exchange rate of the Djiboutian franc to reduce inflation and encourage economic growth.
04/06/2018: Introduction of New Banknotes
Moldova introduced a new series of banknotes with enhanced security features to combat counterfeiting.
01/07/2015: Currency Pegged to Euro
Moldova pegged its currency, the Leu, to the Euro at a fixed exchange rate to stabilize the economy and attract foreign investment.
01/09/2013: Replacement of coins with bi-metallic coins
Coins of lower denominations of the Djiboutian franc were replaced with bi-metallic coins.
10/05/2010: Euro as Legal Tender
Moldova adopted the Euro as its official currency, though it is not a member of the Eurozone.
29/04/2009: Revaluation
Moldova carried out a currency revaluation, changing the exchange rate from 10,000 old Lei to 1 new Leu.
01/01/2002: Introduction of new banknotes
New banknotes of the Djiboutian franc were introduced with enhanced security features.
29/10/1999: Introduction of Polymer Banknotes
Polymer banknotes were introduced in Moldova, increasing security and durability of the currency.
15/09/1997: Second devaluation
The Djiboutian franc was devalued by 33% as a result of economic instability and high inflation.
29/05/1994: Redenomination
Moldova underwent a redenomination process, where 1000 old Lei were exchanged for 1 new Leu to combat hyperinflation.
26/11/1992: Declaration of Independence
The Moldovan Leu was introduced as the official currency of Moldova after the country declared independence from the Soviet Union.
08/05/1977: First devaluation
The Djiboutian franc was devalued by 50% due to economic difficulties faced by the newly independent country.
27/06/1973: Independence from France
Djibouti gained independence from France and the Djiboutian franc became the national currency.
01/01/1949: Introduction of the Djiboutian franc
The Djiboutian franc was introduced as the official currency of French Somaliland, replacing the French franc at a 1:1 exchange rate.