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.
10/10/2013: Plastic Banknotes Introduced
Polymer banknotes made of plastic were introduced to improve the durability and security of Fijian currency.
12/02/2013: Currency devaluation
To stabilize the economy, the Jamaican Dollar was devalued by approximately 16.5% against major currencies.
28/11/2010: IMF agreement
Jamaica reached an agreement with the International Monetary Fund (IMF) for a financial support program to address economic challenges.
28/04/2009: Floating Exchange Rate
Fiji adopted a floating exchange rate regime, allowing the value of the Fijian Dollar to be determined by market forces.
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.
14/01/1985: Currency Devaluation
Fijian Dollar was devalued by 20% to combat economic instability caused by a trade deficit.
05/08/1971: Currency decimalization
Jamaica decimalized its currency, dividing the Jamaican Dollar into 100 cents instead of 20 shillings.
15/01/1971: Fixed Exchange Rate
Fijian Dollar was pegged to the Australian Dollar at a fixed exchange rate of 1:1.
12/12/1969: Decimalization of Currency
Fiji switched from the pound system to decimal currency, introducing the Fijian Dollar divided into 100 cents.
07/02/1969: Jamaican Dollar introduced
The Jamaican Dollar (JMD) was introduced as the official currency of Jamaica, replacing the Jamaican pound.
01/01/1875: Introduction of Fijian Currency
Fijian Coins and Banknotes were introduced as legal tender, replacing Spanish Dollars.
10/10/1873: Devaluation of Spanish Dollars
The Spanish Dollars were devalued by 20% in the British Colony of Fiji, leading to a change in currency.