01/03/2018: Redenomination of the Aruban florin
Aruba redenominated its currency, replacing 1,000 florins with 1 florin, simplifying transactions and reducing the size of banknotes.
16/03/2015: Bank of Jamaica Act
The Bank of Jamaica Act was passed, granting the central bank greater autonomy in executing monetary policy and promoting financial stability.
12/02/2013: Currency devaluation
To stabilize the economy, the Jamaican Dollar was devalued by approximately 16.5% against major currencies.
01/01/2011: Introduction of polymer banknotes
Aruba introduced polymer banknotes, made from a durable and secure polymer substrate, to enhance the durability and security of its currency.
28/11/2010: IMF agreement
Jamaica reached an agreement with the International Monetary Fund (IMF) for a financial support program to address economic challenges.
01/01/2003: Replacement of older banknotes
Older series of banknotes were phased out and replaced by newer and more secure banknotes featuring enhanced anti-counterfeiting measures.
01/01/2000: Adoption of new currency symbol
The Aruban florin adopted a new symbol, ƒ, to distinguish itself from other currencies.
30/04/1994: Foreign exchange liberalization
Jamaica lifted restrictions on foreign exchange, allowing for more flexible trade and investment opportunities.
01/01/1993: Currency reform
A currency reform took place in Aruba, with the introduction of a new series of banknotes and the demonetization of certain older banknotes.
25/03/1991: JMD devaluation
Due to economic pressures, the Jamaican Dollar was devalued by 33.3%, leading to an increase in the exchange rate.
01/01/1990: Introduction of the guilders coins
Aruba introduced its own series of coins denominated in guilders, featuring unique designs and symbols reflective of Aruban culture.
01/01/1986: Introduction of the Aruban florin
The Aruban florin was established as the official currency of Aruba, replacing the Dutch guilder at a fixed rate of 1.79 florin to 1 guilder.
05/08/1971: Currency decimalization
Jamaica decimalized its currency, dividing the Jamaican Dollar into 100 cents instead of 20 shillings.
07/02/1969: Jamaican Dollar introduced
The Jamaican Dollar (JMD) was introduced as the official currency of Jamaica, replacing the Jamaican pound.