31/12/2020: Digital Currency Pilot
Azerbaijan launched a pilot program to test the use of a digital currency, the digital manat, in an effort to modernize its financial system.
20/12/2017: Second Devaluation
The manat faced another devaluation, this time by around 30%, due to economic challenges and a sharp drop in oil prices.
20/12/2015: Devaluation
The manat was devalued by more than 30% against the US dollar in response to falling oil prices.
27/04/2010: Adoption of new currency symbol
Sierra Leone adopts a new currency symbol for the leone (Le), representing its cultural heritage and national identity.
20/02/2005: Pegged to US Dollar
The Azerbaijani manat was pegged to the US dollar at a rate of 1.6 manat per dollar.
29/07/2003: Introduction of new leone notes
Sierra Leone introduces a new series of leone banknotes with enhanced security features to combat counterfeiting.
14/06/2001: Currency Reform
A currency reform was implemented, resulting in a new manat with a higher exchange rate.
22/02/1996: Civil war ends
The Sierra Leonean Civil War comes to an end, providing an opportunity for economic stabilization and currency reform.
31/12/1993: Hyperinflation
Azerbaijan experienced a period of hyperinflation, leading to the devaluation of the manat.
14/08/1992: Introduction of Manat
The Azerbaijani manat currency was introduced as the official currency of Azerbaijan, replacing the Soviet ruble.
29/04/1980: Coup d'etat
A military coup takes place in Sierra Leone, leading to economic instability and a decline in the value of the leone.
15/07/1974: Redenomination of the leone
Sierra Leone redenominates its currency, replacing the old leone with a new leone at a ratio of 1:4.
04/11/1971: Introduction of decimal currency
Sierra Leone adopts a decimal currency system, replacing the pound with the leone as its new official currency.
27/04/1961: Independence of Sierra Leone
Sierra Leone gains independence from the United Kingdom, introducing the Sierra Leonean leone as its official currency.