04/02/2021: Ending of Intervention Policy
Denmark's central bank announced the end of its long-standing policy of defending the Krone's peg to the Euro.
20/09/2015: Adoption of New Constitution
Nepal adopted a new constitution, resulting in political unrest and affecting the Nepalese Rupee's stability.
19/09/2000: Referendum on Euro Membership
Danish voters rejected adopting the Euro in a referendum, maintaining the Krone as the national currency.
26/10/1999: Maoist Insurgency Begins
The start of the Maoist insurgency in Nepal led to political instability and economic challenges, impacting the value of the Nepalese Rupee.
31/12/1998: Euro peg
Denmark joined the European Exchange Rate Mechanism (ERM II), pegging the Krone to the Euro with a narrow fluctuation band.
08/04/1993: Nepalese Rupee's Peg to Indian Rupee
The Nepalese Rupee was pegged to the Indian Rupee at a fixed exchange rate.
24/03/1982: Floating Exchange Rate
Denmark switched to a floating exchange rate regime, allowing the Krone's value to be determined by market forces.
30/12/1972: Reintroduction of Nepalese Rupee
Nepal reintroduced the Nepalese Rupee as the official currency, separating it from the Indian Rupee.
12/03/1960: Replacement of Nepalese Rupee
The Nepalese Rupee was replaced by the Indian Rupee as the legal tender in Nepal.
15/12/1959: Nepal Rastra Bank Established
Nepal Rastra Bank, the central bank of Nepal, was established to oversee the monetary system and issue the Nepalese Rupee.
21/07/1944: Bretton Woods Agreement
Denmark became a member of the International Monetary Fund (IMF) and agreed to the Bretton Woods system, pegging the Krone to the US dollar.
07/04/1932: Introduction of Nepalese Rupee
The Nepalese Rupee was officially introduced as the currency of Nepal, replacing the silver mohar.
10/09/1927: Return to Gold Standard
Denmark abandoned the gold standard due to economic pressures and public debt.
31/12/1872: Pegging to Gold Standard
The Danish Krone was pegged to the gold standard, fixing its value in relation to gold.