Historic Belize dollar Eritrean nakfa

Belize dollar eritrean nakfa history for January 2024. The highest quote for this month is 7.6537 (08/01/2024) and the lowest 7.663 (08/01/2024). The difference between high and low is -0.12.

BZD ERN average rate for January 2024 is 7.63097, the change between 01/01/2024 and 31/01/2024 is -0.12 %.

01 January 20241 BZD = 7.63 ERN
02 January 20241 BZD = 7.63 ERN
03 January 20241 BZD = 7.64 ERN
04 January 20241 BZD = 7.66 ERN
05 January 20241 BZD = 7.65 ERN
06 January 20241 BZD = 7.54 ERN
07 January 20241 BZD = 7.54 ERN
08 January 20241 BZD = 7.66 ERN
09 January 20241 BZD = 7.65 ERN
10 January 20241 BZD = 7.64 ERN
11 January 20241 BZD = 7.65 ERN
12 January 20241 BZD = 7.64 ERN
14 January 20241 BZD = 7.53 ERN
15 January 20241 BZD = 7.66 ERN
16 January 20241 BZD = 7.66 ERN
17 January 20241 BZD = 7.63 ERN
18 January 20241 BZD = 7.65 ERN
19 January 20241 BZD = 7.64 ERN
22 January 20241 BZD = 7.66 ERN
23 January 20241 BZD = 7.64 ERN
24 January 20241 BZD = 7.65 ERN
25 January 20241 BZD = 7.65 ERN
26 January 20241 BZD = 7.65 ERN
28 January 20241 BZD = 7.54 ERN
29 January 20241 BZD = 7.63 ERN
30 January 20241 BZD = 7.66 ERN
31 January 20241 BZD = 7.64 ERN

08/04/2020: COVID-19 impact on currency circulation

Due to the COVID-19 pandemic, circulation of nakfa banknotes decreased as people relied more on digital transactions.

25/02/2019: Introduction of new nakfa banknotes

Eritrea introduced new banknotes in denominations of 5, 10, 20, 50, and 100 nakfa.

30/10/2018: Currency devaluation

Eritrea devalued the nakfa by 14%, reducing its official exchange rate to 1 USD = 15 ERN.

01/05/2017: Introduction of a two-dollar coin

Belize introduced a new denomination in the form of a two-dollar coin, reducing the dependency on smaller denomination banknotes.

22/01/2015: Dollarization policy imposed

Eritrea imposed a dollarization policy, making the US dollar the predominant currency for most transactions.

26/09/2011: Launching of new designs

The Central Bank of Belize introduced a new series of banknotes with updated designs, depicting prominent national landmarks and personalities.

14/11/2005: Currency redenomination

The Eritrean nakfa underwent a redenomination where old nakfa notes were replaced with new nakfa notes in a ratio of 1:1,000.

24/06/2001: Introduction of polymer banknotes

Belize became one of the first countries in the region to introduce polymer banknotes, enhancing durability and security.

08/11/1997: Introduction of the Eritrean nakfa

The Eritrean nakfa was introduced as the official currency of Eritrea, replacing the Ethiopian birr.

08/11/1997: Currency exchange rate fixed

The Eritrean nakfa was fixed at an exchange rate of 1 USD = 10 ERN.

01/04/1990: Establishment of the Central Bank of Belize

The Central Bank of Belize was established to oversee monetary policies and ensure financial stability in the country.

01/12/1982: Conversion to decimal currency

Belize adopted a decimal currency system with the introduction of a new series of banknotes and coins.

01/07/1978: Independence of Belize

Belize gained independence from the United Kingdom, solidifying the Belize dollar as the national currency.

01/11/1976: Introduction of the Belize dollar

The Belize dollar was introduced as the official currency of Belize to replace the British Honduran dollar.
BZD ERN December 2023
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