13/12/2021: Introduction of New Banknotes and Coins
New banknotes and coins were introduced, featuring updated designs, improved security features, and denominations. This aims to enhance the efficiency of cash transactions.
04/06/2018: Introduction of New Banknotes
Moldova introduced a new series of banknotes with enhanced security features to combat counterfeiting.
03/04/2017: Transition to Free Float
After gradually reducing interventions, Kazakhstan fully transitioned to a free float exchange rate for the tenge, allowing the market to determine its value.
20/08/2015: Tenge Devaluation
Kazakhstan devalued the tenge by around 30% due to falling oil prices and economic instability. This move aimed to boost exports and protect the economy.
01/07/2015: Currency Pegged to Euro
Moldova pegged its currency, the Leu, to the Euro at a fixed exchange rate to stabilize the economy and attract foreign investment.
10/05/2010: Euro as Legal Tender
Moldova adopted the Euro as its official currency, though it is not a member of the Eurozone.
29/04/2009: Revaluation
Moldova carried out a currency revaluation, changing the exchange rate from 10,000 old Lei to 1 new Leu.
19/04/2004: Introduction of New Banknotes
New banknotes with enhanced security features and updated designs were introduced to combat counterfeiting and modernize the currency.
29/10/1999: Introduction of Polymer Banknotes
Polymer banknotes were introduced in Moldova, increasing security and durability of the currency.
04/10/1999: Floating Exchange Rate
Kazakhstan switched to a floating exchange rate regime, allowing the tenge to fluctuate freely based on market supply and demand.
29/05/1994: Redenomination
Moldova underwent a redenomination process, where 1000 old Lei were exchanged for 1 new Leu to combat hyperinflation.
15/02/1994: Denomination of Tenge
The tenge underwent a 10,000-fold denomination, where 1 new tenge was equal to 10,000 old tenge. This was done to simplify currency handling and eliminate excessive zeros.
15/11/1993: Introduction of Kazakhstani Tenge
The Kazakhstani tenge was introduced as the new currency of Kazakhstan, replacing the Soviet ruble. The exchange rate was set at 1 tenge = 500 rubles.
26/11/1992: Declaration of Independence
The Moldovan Leu was introduced as the official currency of Moldova after the country declared independence from the Soviet Union.