28/07/2016: Bank of Japan announces stimulus package
The Bank of Japan announced an aggressive stimulus package and negative interest rates, causing the Yen to depreciate against major currencies.
10/10/2013: Plastic Banknotes Introduced
Polymer banknotes made of plastic were introduced to improve the durability and security of Fijian currency.
11/03/2011: Great East Japan Earthquake
The Tohoku earthquake and tsunami devastated Japan, leading to a decline in the Yen as reconstruction efforts strained the economy.
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.
15/09/2008: Lehman Brothers bankruptcy
The bankruptcy of Lehman Brothers triggered a global financial crisis, resulting in a surge in the value of the Yen as investors sought safe-haven assets.
20/03/1995: Kobe earthquake
The Great Hanshin earthquake struck Kobe, causing significant damage to the Japanese economy and leading to a decline in the value of the Yen.
22/09/1985: Plaza Accord
Japan, along with major economies, agreed to depreciate the value of the US dollar, leading to the appreciation of the Yen.
14/01/1985: Currency Devaluation
Fijian Dollar was devalued by 20% to combat economic instability caused by a trade deficit.
01/03/1973: Yen becomes a floating currency
The Yen lost its fixed exchange rate and started floating against major currencies following the collapse of the Bretton Woods system.
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.
15/12/1953: Yen is introduced
The Japanese Yen was first introduced as the official currency of Japan with the enactment of the Bank of Japan Act.
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.