01/01/2023: Planned Fourth Redenomination of Ariary
Madagascar announces plans for the fourth redenomination of the Ariary, aiming to simplify the currency system further.
07/10/2019: Modernization of Banknotes
The Honduran Central Bank launched new banknotes with enhanced security features and improved designs to deter counterfeiting.
01/01/2017: Third Redenomination of Ariary
The Malagasy Ariary experiences its third redenomination, resulting in the currency being divided by 5, making 1 new Ariary equal to 5 old Ariary.
27/01/2009: Currency Crisis
Honduras faced a severe currency crisis due to political instability, causing a decline in the value of the Lempira.
01/08/2003: Second Redenomination of Ariary
The Malagasy Ariary goes through its second redenomination, with 1 new Ariary equal to 5 old Ariary.
15/06/1997: Monetary Integration
Honduras became a member of the Central American Monetary Integration System, aiming to promote economic stability and regional cooperation.
16/12/1993: First Redenomination of Ariary
The Malagasy Ariary undergoes its first redenomination, replacing the currency at a ratio of 1 new Ariary to 5 old Ariary.
01/01/1983: Introduction of Malagasy Ariary
The Malagasy Ariary is introduced as the new official currency of Madagascar, replacing the Malagasy Franc.
26/06/1975: Independence of Madagascar
Madagascar declares independence from French colonial rule, leading to changes in the national currency.
15/03/1967: Introduction of the New Lempira
A new design and denomination of the Lempira banknotes were introduced in order to combat counterfeiting.
26/06/1961: Introduction of Malagasy Franc
Malagasy Franc introduced as the official currency of Madagascar to replace the French Franc.
03/09/1950: Devaluation of the Lempira
The Lempira experienced a significant devaluation, causing economic instability and inflation in Honduras.
11/10/1940: Monetary Reforms
Honduran government implemented monetary reforms to stabilize the Lempira and improve its value.
07/03/1931: Creation of the Lempira
The Honduran currency, the Lempira, was introduced to replace the Honduran peso as the official currency.