29/06/2020: Introduction of New Banknotes
Liberia introduces new banknotes with enhanced security features to combat counterfeiting and improve confidence in the currency.
01/10/2019: New Generation Banknotes
Kenya introduced a new series of banknotes with enhanced security features and design elements to fight illicit financial activities.
01/07/2010: Introduction of New Currency Denominations
Kenya introduced new currency denominations, including the 1000 shilling note, to combat money laundering and illegal financial activities.
14/10/2000: ECOWAS Intervention
ECOWAS forces intervene in Liberia, leading to improved stability and gradual recovery of the Liberian dollar.
19/07/1997: Liberian Dollar Depreciation
The Liberian dollar experiences a significant depreciation due to economic mismanagement and the aftermath of the civil war.
14/09/1994: Transition to New Currency
Kenya introduced a new design of banknotes and coins to counter counterfeiting and promote national identity.
01/07/1985: Second Devaluation of the Shilling
The Kenyan shilling was further devalued by 30% as part of economic reforms and structural adjustments.
26/01/1982: Liberian Civil War Begins
The Liberian civil war begins, leading to significant economic instability and devaluation of the Liberian dollar.
14/09/1980: Devaluation of the Shilling
The Kenyan shilling was devalued by 30% as part of an austerity measure to address the country's economic challenges.
14/06/1969: Decimalization of the Shilling
Kenya decimalized its currency, dividing the shilling into 100 cents for easier transactions and financial calculations.
14/06/1966: Introduction of the Kenyan Shilling
The Kenyan shilling was introduced as the official currency of Kenya replacing the East African shilling as a result of Kenya's independence from British colonial rule.
23/03/1907: Liberian Dollar Pegged to US Dollar
The Liberian dollar is pegged to the U.S. dollar at a ratio of 2:1, maintaining a fixed exchange rate for many years.
10/07/1849: Introduction of Liberian Dollar
The Liberian dollar is introduced as the official currency of Liberia, replacing the use of foreign currencies in the country.
26/07/1847: Liberian Independence
Liberia declares independence from the American Colonization Society, establishing the first republic in Africa.