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.
01/09/2011: Replacement by the Caribbean guilder
The Netherlands Antillean guilder was replaced by the Caribbean guilder as the official currency of Curacao and Sint Maarten.
28/11/2010: IMF agreement
Jamaica reached an agreement with the International Monetary Fund (IMF) for a financial support program to address economic challenges.
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.
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.
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.
01/12/1986: 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.
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.
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.
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.