26/06/2020: Currency peg under review
Barbados announced that it would review the decades-long currency peg of 2:1 with the US dollar, considering a shift to a floating exchange rate.
01/01/2020: Transition to Polymer Banknotes
Polymer banknotes were introduced in Guyana, enhancing the durability and security features of the Guyanese dollar.
05/08/2013: Devaluation of currency
Barbados devalued its currency by 10% to stimulate economic growth and competitiveness.
03/02/2003: Redenomination of the Currency
The Guyanese dollar underwent a redenomination, with old banknotes replaced by new notes at a rate of 1,000 old dollars to 1 new dollar.
24/07/1995: New currency design
Barbados introduced a new design for its currency, featuring national symbols and landmarks.
05/10/1992: Resumption of Banking System
The resumption of the banking system in Guyana significantly improved the stability and accessibility of the Guyanese dollar.
05/05/1975: Introduction of decimalization
Barbados introduced decimalization, dividing the Barbadian Dollar into 100 cents.
01/01/1973: Fixed exchange rate
Barbados fixed its currency exchange rate to the US dollar at a rate of 2 Barbadian Dollars to 1 US Dollar.
03/07/1972: Barbados gains independence
Barbados gained independence from British rule, leading to the establishment of the Central Bank of Barbados.
26/05/1966: Independence of Guyana
Following Guyana's independence from Britain, the currency was renamed from British Guiana dollar to Guyanese dollar.
12/09/1951: Currency Board Established
A Currency Board was established to manage the British Guiana dollar, ensuring its stability and convertibility.
01/10/1935: Introduction of Barbadian Dollar
The Barbadian Dollar was introduced as the official currency of Barbados, replacing the East Caribbean dollar.
06/08/1917: Currency Act of 1917
The British Guiana dollar was revalued at a rate of 4.80 dollars to 1 U.S. dollar, following the Currency Act of 1917.
18/01/1839: Introduction of the British Guiana dollar
British Guiana dollar introduced as the official currency of British Guiana, replacing the Spanish and Portuguese coins previously in circulation.