27/10/2008: Global Financial Crisis
The Korean Won faced significant volatility during the global financial crisis, as global markets tumbled and investor confidence wavered.
06/10/2008: Serbia applies for EU membership
Serbia officially applied for membership in the European Union, which could potentially impact the future of the Serbian Dinar as Serbia aligns with EU policies.
03/06/2006: Montenegro adopts the Euro
Montenegro unilaterally adopted the Euro as its official currency, while Serbia continued to use the Serbian Dinar.
01/07/2003: Introduction of the Serbian Dinar
After the state union with Montenegro dissolved, Serbia reintroduced the Serbian Dinar as its national currency, replacing the New Dinar.
01/01/1998: Establishment of IMF Program
South Korea agreed to an International Monetary Fund (IMF) bailout package, which stabilized the value of the Korean Won and initiated economic reforms.
03/12/1997: Asian Financial Crisis
The Korean Won experienced a sharp depreciation during the Asian Financial Crisis, causing severe economic hardships and requiring international assistance.
01/04/1992: Introduction of the New Dinar
Due to the breakup of Yugoslavia, Serbia introduced the New Dinar as its currency, replacing the Yugoslav Dinar.
27/02/1980: Declaration of Martial Law
Amidst political turmoil, President Chun Doo-hwan declared martial law, causing economic instability and impacting the value of the Korean Won.
22/06/1962: Introduction of the Hwan
To combat inflation, the South Korean government introduced the Hwan as the new currency, replacing the old Korean Won.
27/07/1953: Armistice Agreement
Following the Korean War, the Armistice Agreement was signed, stabilizing the region and aiding in the recovery of the Korean Won.
15/08/1945: Liberation from Japanese Rule
Upon the end of Japanese colonial rule, the Korean Won was introduced as the official currency of South Korea.
20/10/1944: Introduction of the Yugoslav Dinar
The Yugoslav Dinar was introduced, replacing the former currency in circulation, including the Serbian Dinar.
01/11/1918: Merger with the Yugoslav Dinar
After World War I, the Serbian Dinar merged with the Yugoslav Dinar to form a unified currency for the Kingdom of Serbs, Croats, and Slovenes.
24/04/1868: Introduction of Serbian Dinar
The Serbian Dinar was introduced as the official currency of Serbia to replace the Ottoman akçe.