26/01/2016: New N$100 and N$200 Banknotes Introduced
Namibia introduced new banknotes of N$100 and N$200 denominations to address the need for higher-value currency in the growing economy.
30/08/2012: Introduction of N$10 Commemorative Banknote
Namibia introduced a commemorative banknote of N$10 to celebrate the centenary of the country's struggle for independence.
01/01/2010: Removal of 1 cent coin from circulation
Due to its low purchasing power and production costs, the 1 cent coin was withdrawn from circulation in the Cayman Islands.
27/10/2008: Financial Crisis Impact
Due to the global financial crisis, the Namibian dollar experienced a depreciation against major currencies, affecting the country's economy.
01/11/2007: Transition from Crown Dependencies to Overseas Countries and Territories
The Cayman Islands, including its currency, transitioned from being labeled as a Crown Dependency to an Overseas Country and Territory.
01/01/2002: Replacement of Old Banknotes
Old banknotes of the Namibian dollar were demonetized, and new banknotes became the only valid currency.
01/01/2001: Issuance of New Banknotes and Coins
New banknotes and coins with enhanced security features were introduced to combat counterfeiting.
01/06/1999: Introduction of New Banknotes and Coins
New series of banknotes and coins were introduced in Namibia, featuring indigenous wildlife and cultural symbols.
01/01/1999: Introduction of Cayman Islands Currency Law
The Cayman Islands Currency Law was enacted to provide a legal framework for the issuance and regulation of the currency.
01/07/1997: Pegging of the Cayman Islands Dollar to the US Dollar
The Cayman Islands dollar was pegged to the US dollar at a fixed exchange rate of KYD 1.00 = USD 1.20.
30/08/1993: Dollarization of Namibia
Namibia adopted the Namibian dollar as its sole legal tender, replacing the South African rand as the official currency.
21/03/1990: Independence of Namibia
Namibia gained independence from South Africa, leading to the introduction of the Namibian dollar as the official currency of the newly established country.
07/11/1974: Creation of the Cayman Islands Monetary Authority
The Cayman Islands Monetary Authority was established as the central bank responsible for regulating the currency and financial institutions.
01/01/1972: Introduction of Cayman Islands Dollar
The Cayman Islands dollar was first introduced as the official currency, replacing the Jamaican dollar.