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.
15/01/2019: Introduction of New Banknotes
New series of banknotes with enhanced security features and improved designs were introduced by the Maldives Monetary Authority.
01/09/2014: Introduction of Polymer Banknotes
Polymer banknotes were introduced in the Maldives, replacing the traditional paper banknotes, enhancing their durability and security features.
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.
01/07/2011: Redenomination of the Rufiyaa
The Maldivian Rufiyaa underwent redenomination, with new banknotes and coins introduced to simplify transactions and reduce the number of zeros.
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.
01/01/2002: Decimalization of the Rufiyaa
The Maldivian Rufiyaa was decimalized, with 100 laari equaling 1 Rufiyaa, replacing the previous system of 1 Rufiyaa equalling 100 lari.
01/11/1995: Introduction of New Som
The Kyrgyzstani government introduced the new som, with 1 new som being equivalent to 200 old som.
10/05/1993: Introduction of the Kyrgyzstani Som
The Kyrgyzstani Som was introduced as the official currency of Kyrgyzstan, replacing the Soviet ruble.
01/09/1983: Introduction of the Maldivian Rufiyaa
The Maldivian Rufiyaa was introduced as the new currency, replacing the Maldivian Rupee at a 1:1 exchange rate.
01/09/1981: Establishment of the Maldives Monetary Authority
The Maldives Monetary Authority (MMA) was established as the central bank of the Maldives, responsible for issuing and managing the currency.
22/10/1947: Introduction of the Maldivian Rupee
The Maldivian Indian Rupee was adopted as the official currency of the Maldives, replacing the Ceylonese Rupee.