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.
29/06/2018: East African Community Currency Integration
Burundi joins the East African Community (EAC) currency integration, paving the way for a future unified currency within the region.
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.
17/10/2011: Introduction of New Banknotes
New banknotes with enhanced security features and updated designs are introduced in denominations of 500, 1000, 2000, 5000, and 10,000 Francs.
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.
30/06/2003: Second Currency Revaluation
The Burundian Franc undergoes another significant devaluation as part of the second currency revaluation program.
30/04/1995: Printing of Banknotes
The first locally printed banknotes, issued in denominations of 10, 20, 50, 100, 500, 1000, and 5000 Francs, are circulated.
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.
20/10/1990: Introduction of New Coins
New coins are introduced in denominations of 1, 5, 10, 50, and 100 Francs.
22/09/1985: First Currency Revaluation
The Burundian Franc is significantly devalued as part of a currency revaluation program.
30/06/1960: Independence from Belgium
Burundi gains independence from Belgium, establishing the Burundian Franc as its official currency.
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.
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.
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.