01/01/2022: Transition to Central Bank of Russia Currency
Kyrgyzstan joined the Eurasian Economic Union and adopted the Russian ruble as its official currency, replacing the Kyrgyzstani Som.
13/03/2020: COVID-19 Pandemic Effects
The COVID-19 pandemic caused economic disruptions and uncertainty, affecting the Kyrgyzstani Som's exchange rate.
20/05/2014: Kazakhstani Tenge Devaluation
Kazakhstan devalued its currency, the tenge, which had a significant impact on the Kyrgyzstani Som, leading to its depreciation.
20/06/2012: Mexican Peso Becomes the Most Traded Emerging Market Currency
The Mexican peso surpassed the Brazilian real to become the most traded currency among emerging markets, reflecting Mexico's growing economic importance.
07/04/2010: Protests and Political Unrest
Large-scale protests and political unrest erupted in Kyrgyzstan, causing instability and impacting the value of the Som.
01/12/2008: Global Financial Crisis Impact
The global financial crisis led to a sharp depreciation of the Kyrgyzstani Som, affecting the country's economy.
01/01/2003: Introduction of the New Peso Symbol
The Mexican peso adopted a new symbol, replacing the old symbol (₱) with a capital 'P' with double horizontal lines (MXN) to symbolize the currency.
01/11/1995: Introduction of New Som
The Kyrgyzstani government introduced the new som, with 1 new som being equivalent to 200 old som.
20/12/1994: Tequila Crisis
Mexico experienced a severe economic crisis and an abrupt devaluation of the peso as a result of the devaluation of the Thai baht, causing investors to flee emerging markets.
10/05/1993: Introduction of the Kyrgyzstani Som
The Kyrgyzstani Som was introduced as the official currency of Kyrgyzstan, replacing the Soviet ruble.
01/01/1993: Implementation of the North American Free Trade Agreement (NAFTA)
NAFTA came into effect, promoting trade and investment between Mexico, the United States, and Canada, leading to increased stability and growth in the Mexican economy.
06/07/1988: Introduction of the New Peso
Due to hyperinflation and currency devaluation, Mexico introduced a new currency, called the New Peso, where 1000 old pesos were replaced by 1 new peso.
12/08/1982: Mexican Debt Crisis
Mexico defaulted on its external debt, leading to a sharp devaluation of the peso and a severe economic crisis, requiring an emergency loan from the International Monetary Fund (IMF).
13/08/1970: Devaluation of the Peso
In response to global inflation, the Mexican government devalued the peso by 20% against the US dollar, leading to economic instability and a decline in purchasing power.