22/02/2021: Kyat's Depreciation Challenges
The Burmese kyat faced significant depreciation and instability due to political turmoil and the military coup in Myanmar.
03/03/2020: COVID-19 Pandemic Impact
The COVID-19 pandemic caused significant fluctuations in the value of the Polish Zloty, influenced by global economic uncertainties and shocks to foreign trade.
23/04/2015: Foreign Exchange Market Liberalization
Restrictions on foreign exchange were lifted, allowing a more liberalized foreign exchange market in Myanmar.
17/11/2014: National Bank of Poland Intervention
The National Bank of Poland intervened in the currency market to weaken the Polish Zloty, aiming to stimulate exports and counter deflationary pressures.
02/04/2012: Managed Float Regime Implemented
The Burmese government adopted a managed float exchange rate regime, allowing the kyat to fluctuate based on market forces.
01/04/2011: Poland Joins the ERM II
Poland's participation in the European Exchange Rate Mechanism II aimed to facilitate converging towards the Euro and maintaining stability for the Polish Zloty.
27/10/2008: Global Financial Crisis
The global financial crisis had repercussions on the Polish Zloty, with the currency experiencing devaluation and higher volatility due to market uncertainty.
01/05/2004: Poland's EU Accession
Poland's accession to the European Union had a profound impact on the Polish Zloty, as it became subject to EU regulations and influenced by the Eurozone.
01/04/1990: Foreign Exchange Certificates Introduced
Foreign Exchange Certificates (FECs) were introduced as a parallel currency to stabilize the economy and control the black market.
04/06/1989: Fall of Communism in Poland
The end of communist rule in Poland led to significant economic and currency reforms, including a stabilization program that strengthened the Polish Zloty.
01/09/1987: Second Kyat Revalued
Due to hyperinflation, the Burmese kyat was again revalued, with 1 kyat replacing 10 new kyats.
01/12/1964: Kyat Revalued
The Burmese kyat underwent a major revaluation, with 1 new kyat replacing 100 old kyats to combat inflation.
01/07/1952: Kyat Introduced
The Burmese kyat was first introduced as the official currency of Burma, replacing the Indian rupee at an exchange rate of 1 kyat = 1 rupee.
01/01/1950: Introduction of the Polish Zloty
The Polish Zloty was introduced as the official currency of Poland, replacing the old Polish currency. It played a crucial role in rebuilding the post-war economy.