01/05/2017: Introduction of a two-dollar coin
Belize introduced a new denomination in the form of a two-dollar coin, reducing the dependency on smaller denomination 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.
26/09/2011: Launching of new designs
The Central Bank of Belize introduced a new series of banknotes with updated designs, depicting prominent national landmarks and personalities.
28/11/2010: IMF agreement
Jamaica reached an agreement with the International Monetary Fund (IMF) for a financial support program to address economic challenges.
24/06/2001: Introduction of polymer banknotes
Belize became one of the first countries in the region to introduce polymer banknotes, enhancing durability and security.
30/04/1994: Foreign exchange liberalization
Jamaica lifted restrictions on foreign exchange, allowing for more flexible trade and investment opportunities.
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.
01/04/1990: Establishment of the Central Bank of Belize
The Central Bank of Belize was established to oversee monetary policies and ensure financial stability in the country.
01/12/1982: Conversion to decimal currency
Belize adopted a decimal currency system with the introduction of a new series of banknotes and coins.
01/07/1978: Independence of Belize
Belize gained independence from the United Kingdom, solidifying the Belize dollar as the national currency.
01/11/1976: Introduction of the Belize dollar
The Belize dollar was introduced as the official currency of Belize to replace the British Honduran dollar.
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.