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.
01/09/2011: Replacement by the Caribbean guilder
The Netherlands Antillean guilder was replaced by the Caribbean guilder as the official currency of Curacao and Sint Maarten.
10/10/2010: Dissolution of the Netherlands Antilles
The Netherlands Antilles were dissolved, resulting in the establishment of separate countries within the Kingdom of the Netherlands, including Curacao and Sint Maarten.
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.
01/01/2001: Introduction of the euro in the Netherlands
The euro was introduced as the official currency in the Netherlands, leading to increased integration with the European Union.
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.
01/12/1986: Pegged to the US dollar
The Netherlands Antillean guilder was pegged to the US dollar at a fixed exchange rate of 1.79 ANG to 1 USD.
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.
01/11/1952: Introduction of the Netherlands Antillean guilder
The Netherlands Antillean guilder was introduced as the currency of the Netherlands Antilles, replacing the Caribbean guilder.
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.
25/11/1942: Curacao introduced the guilder
The guilder was introduced as the official currency of Curacao, replacing the Netherlands Antillean florin.
10/05/1940: German Occupation
During World War II, the Netherlands Antilles came under German occupation, resulting in restrictions and controls on currency usage.
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.