Eritrean nakfa bolivian boliviano exchange rate history (ERN BOB) October 2023

Eritrean nakfa bolivian boliviano history for October 2023. The highest quote for this month is 0.45521 (07/10/2023) and the lowest 0.45515 (01/10/2023). The difference between high and low is 0.01.

ERN BOB average rate for October 2023 is 0.44791, the change between 01/10/2023 and 31/10/2023 is +1.95 %.

01 October 2023	1 ERN = 0.4552 BOB
03 October 2023	1 ERN = 0.4462 BOB
04 October 2023	1 ERN = 0.4460 BOB
06 October 2023	1 ERN = 0.4453 BOB
07 October 2023	1 ERN = 0.4558 BOB
09 October 2023	1 ERN = 0.4446 BOB
10 October 2023	1 ERN = 0.4464 BOB
11 October 2023	1 ERN = 0.4468 BOB
13 October 2023	1 ERN = 0.4466 BOB
16 October 2023	1 ERN = 0.4461 BOB
17 October 2023	1 ERN = 0.4467 BOB
18 October 2023	1 ERN = 0.4460 BOB
19 October 2023	1 ERN = 0.4460 BOB
20 October 2023	1 ERN = 0.4464 BOB
21 October 2023	1 ERN = 0.4552 BOB
22 October 2023	1 ERN = 0.4552 BOB
23 October 2023	1 ERN = 0.4452 BOB
24 October 2023	1 ERN = 0.4459 BOB
25 October 2023	1 ERN = 0.4467 BOB
26 October 2023	1 ERN = 0.4460 BOB
27 October 2023	1 ERN = 0.4460 BOB
29 October 2023	1 ERN = 0.4546 BOB
30 October 2023	1 ERN = 0.4450 BOB
31 October 2023	1 ERN = 0.4463 BOB

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.

22/01/2015: Dollarization policy imposed

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

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.

31/12/2004: Return to the boliviano

Bolivia ended the dollarization period and officially reintroduced the boliviano as the sole legal tender of the country.

31/12/2003: Dollarization crisis

Bolivia experienced a financial crisis, leading to the temporary dollarization of the economy and the use of the US dollar as legal tender.

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.

31/03/1988: Bolivianoization

Bolivianoization was implemented, requiring all contracts and transactions to be conducted in bolivianos instead of foreign currencies.

28/02/1987: Introduction of the second boliviano

A new boliviano, known as the second boliviano (Boliviano de Segunda), was introduced to replace the heavily devalued first boliviano.

31/01/1986: Hyperinflation crisis

Bolivia experienced a severe hyperinflation crisis, leading to the devaluation of the boliviano.

31/12/1962: Monetary reform

The boliviano underwent a monetary reform, with new banknotes and coins being issued.

31/12/1891: Introduction of Bolivian boliviano

The boliviano was introduced as the official currency of Bolivia, replacing the Bolivian peso.

Historic Eritrean nakfa Bolivian boliviano