24/03/2020: COVID-19 Impact on Indian Rupee
The global COVID-19 pandemic caused significant volatility in the Indian Rupee exchange rate, leading to depreciation against major international currencies.
08/11/2016: Demonetization
The Indian government announced the demonetization of ₹500 and ₹1,000 banknotes, requiring individuals to exchange or deposit their old currency notes at banks.
06/05/2015: Pegged to the euro
The Bulgarian Lev officially became a currency pegged to the euro, maintaining a fixed exchange rate, on May 6, 2015.
03/07/2007: Indian Rupee Symbol
The Indian Rupee was given its own unique symbol ₹, representing the integration of the Indian Rupee into the global currency landscape.
01/01/2002: Replacement of notes and coins
New series of notes and coins for the Bulgarian Lev were introduced, replacing the previous designs on January 1, 2002.
01/07/1999: Currency board arrangement
Bulgaria implemented a currency board arrangement, fixing the Bulgarian Lev to the euro at a rate of 1.95583 on July 1, 1999.
21/06/1991: Liberalization of Indian Economy
India initiated economic reforms, including the liberalization of foreign exchange controls. This led to the beginning of the exchange rate regime reforms for the Indian Rupee.
15/09/1962: Introduction of the New Lev
The New Lev was introduced as a new currency in Bulgaria, replacing the Lev A, on September 15, 1962.
24/06/1957: Decimalization of Indian Rupee
The Indian Rupee was decimalized, dividing it into 100 paise. This change simplified the currency system and introduced a uniform monetary system across the country.
01/12/1952: Lev replaced by Lev A
The Bulgarian Lev was replaced by a new currency named Lev A on December 1, 1952 as a result of currency reform.
15/08/1947: Indian Independence
India gained independence from British rule, leading to the establishment of the Reserve Bank of India as the central bank and the Indian Rupee as the official currency.
14/10/1923: Hyperinflation
Bulgaria experienced severe hyperinflation, causing the value of the Lev currency to plummet during the period from 1923 to 1924.
01/04/1881: Introduction of the Lev
The Bulgarian Lev currency was introduced as the official currency of Bulgaria on April 1, 1881.
01/01/1862: Introduction of Indian Rupee
Indian Rupee was introduced by the British government as the official currency of British India. It replaced various local and foreign currencies that were in circulation.