15/10/2006: New series of banknotes
Costa Rica introduced a new series of banknotes featuring enhanced security features to combat counterfeiting and modernize the colón currency.
22/12/2003: Redenomination of the Haitian Currency
To simplify transactions, the Haitian government removes three zeros from the gourde and renames it as the Haitian dollar (HTD), later reverting to the gourde (HTG).
30/09/1991: Overthrow of President Jean-Bertrand Aristide
Political instability and economic crisis lead to President Aristide's ousting, causing further depreciation of the gourde.
21/05/1991: Free-floating exchange rate
Costa Rica transitioned to a floating exchange rate regime, allowing the colón's value to be determined by market forces.
01/05/1989: Introduction of the Third Haitian Gourde
A third gourde is introduced to replace the second gourde at a ratio of 1:5, with hopes of stabilizing the economy.
01/02/1967: Introduction of the Second Haitian Gourde
To combat inflation, Haiti replaces the first gourde with a new currency, the second gourde, at a ratio of 1:100.
09/11/1961: Introduction of the Monetary Reform
Costa Rica implemented a monetary reform, replacing the old colón with a new one at a rate of 1 to 100, to combat inflation.
30/11/1949: Abolition of the army
After the abolition of the army, the Costa Rican government focused on economic development, leading to stable monetary policies for the colón.
14/12/1917: Establishment of the Central Bank of Costa Rica
The Central Bank of Costa Rica was established to oversee monetary policy, including the management of the colón.
01/07/1912: Establishment of the Banque Nationale de la République d'Haïti
The Banque Nationale de la République d'Haïti is founded as the central bank responsible for managing the gourde.
09/04/1896: Adoption of the gold standard
Costa Rica adopted the gold standard, pegging the value of the colón to gold, leading to currency stability.
01/01/1874: Introduction of the First Haitian Gourde
The Haitian government issues the first official currency, the gourde, to replace various fractional currencies.
18/03/1850: Introduction of the Costa Rican colón
The Costa Rican colón was officially introduced as the currency of Costa Rica to replace the Spanish real.
01/01/1804: Declaration of Independence
After gaining independence from France, Haiti adopts the gourde as its national currency.