13/03/2020: COVID-19 Impact
The outbreak of the COVID-19 pandemic caused global economic uncertainty, leading to a decline in the value of the Georgian Lari and affecting the country's financial stability.
05/04/2016: End of currency intervention
The Czech National Bank ended its currency intervention policy, allowing the koruna to float freely and be determined by market forces.
25/01/2016: Currency Restructuring
The National Bank of Georgia implemented currency restructuring measures to stabilize the value of the Lari and restore confidence in the national currency.
06/11/2013: Currency intervention
The Czech National Bank implemented a currency intervention policy to weaken the koruna and stimulate the country's economy.
10/03/2011: Lari Depreciation
The Georgian Lari experienced a sharp depreciation, reaching a record low against the U.S. dollar, due to various economic factors and a global financial crisis.
09/10/2008: Global financial crisis impact
The koruna experienced significant depreciation during the global financial crisis, reflecting the economic challenges faced by the Czech Republic.
13/08/2008: Russian Invasion
During the Russo-Georgian War, the Georgian Lari faced significant devaluation due to the economic and political instability caused by the invasion.
30/04/2007: EU membership benefits
The Czech Republic became a member of the European Union's economic and monetary union, allowing for greater stability and cooperation for the koruna.
30/04/2004: EU Accession
The Czech Republic joined the European Union, paving the way for further integration of the koruna with European monetary policies.
01/01/2002: Euro Conversion Rate
The conversion rate of 1 Euro = 1936.27 GEL was fixed, as Georgia adopted the Euro as its main reference currency.
27/04/1999: Introduction of New Lari
The New Lari was introduced as the second and current official currency of Georgia, replacing the old Lari at a rate of 1 New Lari = 1,000 old Lari.
25/07/1995: Introduction of the Lari
The Georgian Lari was introduced as the official currency of Georgia, replacing the Russian ruble at a rate of 1 Lari = 1 million rubles.
30/06/1993: Currency conversion
The Czech Republic adopted a new currency regime, shifting from a fixed exchange rate to a floating exchange rate for the koruna.
07/02/1993: Establishment of Czech koruna
The Czech koruna was introduced as the official currency of the Czech Republic following the dissolution of Czechoslovakia.