Historic Burundian Franc Eritrean nakfa

Burundian Franc eritrean nakfa history for February 2024. The highest quote for this month is 0.005327 (13/02/2024) and the lowest 0.005354 (02/02/2024). The difference between high and low is -0.51.

BIF ERN average rate for February 2024 is 0.00531, the change between 01/02/2024 and 29/02/2024 is -0.15 %.

01 February 20241 BIF = 0.0053 ERN
02 February 20241 BIF = 0.0053 ERN
03 February 20241 BIF = 0.0053 ERN
04 February 20241 BIF = 0.0053 ERN
05 February 20241 BIF = 0.0053 ERN
06 February 20241 BIF = 0.0053 ERN
07 February 20241 BIF = 0.0053 ERN
08 February 20241 BIF = 0.0053 ERN
09 February 20241 BIF = 0.0053 ERN
12 February 20241 BIF = 0.0053 ERN
13 February 20241 BIF = 0.0053 ERN
14 February 20241 BIF = 0.0053 ERN
15 February 20241 BIF = 0.0053 ERN
16 February 20241 BIF = 0.0053 ERN
17 February 20241 BIF = 0.0053 ERN
18 February 20241 BIF = 0.0053 ERN
19 February 20241 BIF = 0.0053 ERN
20 February 20241 BIF = 0.0053 ERN
21 February 20241 BIF = 0.0053 ERN
22 February 20241 BIF = 0.0053 ERN
23 February 20241 BIF = 0.0053 ERN
24 February 20241 BIF = 0.0053 ERN
25 February 20241 BIF = 0.0053 ERN
26 February 20241 BIF = 0.0053 ERN
27 February 20241 BIF = 0.0053 ERN
28 February 20241 BIF = 0.0053 ERN
29 February 20241 BIF = 0.0053 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.

29/06/2018: East African Community Currency Integration

Burundi joins the East African Community (EAC) currency integration, paving the way for a future unified currency within the region.

22/01/2015: Dollarization policy imposed

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

17/10/2011: Introduction of New Banknotes

New banknotes with enhanced security features and updated designs are introduced in denominations of 500, 1000, 2000, 5000, and 10,000 Francs.

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.

30/06/2003: Second Currency Revaluation

The Burundian Franc undergoes another significant devaluation as part of the second currency revaluation program.

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.

30/04/1995: Printing of Banknotes

The first locally printed banknotes, issued in denominations of 10, 20, 50, 100, 500, 1000, and 5000 Francs, are circulated.

20/10/1990: Introduction of New Coins

New coins are introduced in denominations of 1, 5, 10, 50, and 100 Francs.

22/09/1985: First Currency Revaluation

The Burundian Franc is significantly devalued as part of a currency revaluation program.

30/06/1960: Independence from Belgium

Burundi gains independence from Belgium, establishing the Burundian Franc as its official currency.
BIF ERN December 2023
BIF ERN January 2024
BIF ERN February 2024
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BIF ERN April 2024
BIF ERN May 2024
BIF ERN June 2024
BIF ERN July 2024
BIF ERN August 2024
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BIF ERN October 2024
BIF ERN November 2024
BIF ERN December 2024