03/11/2020: Economic Impact of COVID-19
The COVID-19 pandemic caused economic disruptions globally, affecting the Egyptian Pound's exchange rate and foreign reserves.
25/02/2020: Introduction of New Large Denomination Banknotes
Uzbekistan introduced new 100,000 and 200,000 som banknotes to meet the requirements of the growing economy and reduce cash circulation.
08/02/2019: Exchange Rate Unification
Uzbekistan unified the official and black-market exchange rates, allowing for more transparency in currency transactions.
03/09/2018: Denomination of Uzbekistani Som
Uzbekistan announced a 1:10,000 denomination of the som, as part of ongoing currency reform.
05/09/2017: Floating Exchange Rate Regime
Uzbekistan transitioned to a floating exchange rate regime, allowing the Uzbekistani Som's value to be determined by market forces.
10/03/2001: Introduction of New Uzbekistani Som
Uzbekistan introduced a new som, with 1 new som equaling 1,000 old soms, as a result of currency reform.
14/11/1999: Liberalization of Exchange Rate
The Egyptian government implemented a managed float exchange rate system, allowing the Pound to fluctuate based on market forces.
01/07/1994: Redenomination of Uzbekistani Som
Uzbekistan redenominated its currency, with 1 new som replacing 1,000 old soms to combat hyperinflation.
01/07/1993: Introduction of Uzbekistani Som
Uzbekistani Som (UZS) was introduced as the official currency of Uzbekistan after the country gained independence from the Soviet Union.
12/08/1987: Introduction of New Egyptian Pound
A new Egyptian Pound banknote was introduced to combat counterfeiting and improve security features.
14/09/1962: Devaluation of the Pound
The Egyptian government devalued the Pound by 55%, leading to a significant decrease in its value.
23/07/1952: Overthrow of the Monarchy
The Egyptian monarchy was overthrown, leading to political and economic changes that affected the value of the Egyptian Pound.
02/05/1885: Establishment of Central Bank of Egypt
The Central Bank of Egypt was established to regulate the currency and banking system in Egypt.
29/07/1834: Introduction of Egyptian Pound
The Egyptian Pound was introduced as the official currency of Egypt, replacing the piastre.