20/03/2020: COVID-19 Pandemic Effects
The outbreak of the COVID-19 pandemic causes global economic turmoil, leading to volatility in the New Zealand dollar exchange rate and GDP contraction.
18/07/2016: New Polymer Banknotes Issued
The Falkland Islands government introduces new polymer banknotes to replace the older paper versions, enhancing the durability and security of their currency.
10/10/2008: Global Financial Crisis Hits New Zealand
New Zealand experiences the impact of the global financial crisis, leading to a sharp depreciation of the New Zealand dollar and economic slowdown.
10/07/2005: Polymer Banknotes Introduced
New Zealand introduces polymer banknotes, replacing the traditional paper notes for increased durability and security.
05/10/1987: Black Monday Stock Market Crash
Global stock market crash leads to a significant devaluation of the New Zealand dollar and a deep recession in the country.
04/03/1985: Floating Exchange Rate Introduced
New Zealand dollar is allowed to float freely against other currencies, marking the end of fixed exchange rates.
14/06/1983: Pegging to the Pound Sterling
The Falkland Islands pound (FKP) is officially pegged to the British pound sterling (GBP) at a 1:1 ratio, ensuring a stable exchange rate.
14/05/1971: New Decimalized Currency Introduced
The Falkland Islands pound (FKP) is decimalized, with the introduction of a new currency system based on the decimal system.
10/07/1961: Decimalization of Currency
New Zealand adopts the decimal currency system, replacing the pound with the New Zealand dollar. NZ$1 is equivalent to NZ£2.
19/10/1933: New Zealand Pound Pegged to the British Pound
New Zealand pound is pegged to the British pound at a rate of £1 to NZ£0.624275.
28/04/1899: Currency Board Established
The Falkland Islands Currency Board is established, introducing the first Falkland Islands pound (FKP) as the official currency.
02/01/1833: Argentina Removed from Islands
British forces remove Argentine authorities from the Falkland Islands, solidifying British control over the territory.
03/01/1829: First British Colony Declared
British Captain Onslow declares the Falkland Islands a British colony, leading to the establishment of a formal British presence in the region.
02/01/1764: First British Settlement
British Captain Byron claims the Falkland Islands for Britain, establishing the first permanent British settlement in the region.