20/03/2020: Impact of COVID-19 Pandemic
The outbreak of the COVID-19 pandemic resulted in a significant decline in oil prices, affecting Nigeria's economy and putting pressure on the Naira's exchange rate.
20/06/2016: Adoption of Flexible Exchange Rate Policy
The Central Bank of Nigeria adopted a flexible exchange rate policy, allowing the Naira to float freely against other currencies based on market forces.
22/12/2003: Redenomination of the Haitian Currency
To simplify transactions, the Haitian government removes three zeros from the gourde and renames it as the Haitian dollar (HTD), later reverting to the gourde (HTG).
29/05/1999: Transition to Democratic Governance
Nigeria transitioned to democratic governance, leading to economic reforms and stability, positively affecting the value and management of the Naira currency.
12/06/1993: Introduction of the Third Nigerian Naira
The third Nigerian Naira (NGN) was introduced after the country's return to civilian rule following years of military regimes.
30/09/1991: Overthrow of President Jean-Bertrand Aristide
Political instability and economic crisis lead to President Aristide's ousting, causing further depreciation of the gourde.
01/05/1989: Introduction of the Third Haitian Gourde
A third gourde is introduced to replace the second gourde at a ratio of 1:5, with hopes of stabilizing the economy.
31/12/1984: Implementation of the Structural Adjustment Program
The Nigerian government implemented the Structural Adjustment Program, leading to a significant devaluation of the Naira and the adoption of a floating exchange rate.
01/07/1979: Adoption of the Second Nigerian Naira
The second Nigerian Naira (NGN) was introduced following the adoption of a new constitution and the country's transition to civilian rule.
01/07/1973: Introduction of decimal currency
The Nigerian Naira was introduced as the official currency of Nigeria, replacing the pound sterling with a decimal currency system.
01/02/1967: Introduction of the Second Haitian Gourde
To combat inflation, Haiti replaces the first gourde with a new currency, the second gourde, at a ratio of 1:100.
01/07/1912: Establishment of the Banque Nationale de la République d'Haïti
The Banque Nationale de la République d'Haïti is founded as the central bank responsible for managing the gourde.
01/01/1874: Introduction of the First Haitian Gourde
The Haitian government issues the first official currency, the gourde, to replace various fractional currencies.
01/01/1804: Declaration of Independence
After gaining independence from France, Haiti adopts the gourde as its national currency.