Historic Eritrean nakfa Brazilian Real

Eritrean nakfa brazilian real history for February 2024. The highest quote for this month is 0.33276 (05/02/2024) and the lowest 0.33137 (24/02/2024). The difference between high and low is 0.42.

ERN BRL average rate for February 2024 is 0.3294, the change between 01/02/2024 and 29/02/2024 is -0.44 %.

01 February 20241 ERN = 0.3286 BRL
02 February 20241 ERN = 0.3266 BRL
03 February 20241 ERN = 0.3303 BRL
04 February 20241 ERN = 0.3303 BRL
05 February 20241 ERN = 0.3273 BRL
06 February 20241 ERN = 0.3289 BRL
07 February 20241 ERN = 0.3293 BRL
08 February 20241 ERN = 0.3302 BRL
09 February 20241 ERN = 0.3313 BRL
12 February 20241 ERN = 0.3291 BRL
13 February 20241 ERN = 0.3286 BRL
14 February 20241 ERN = 0.3286 BRL
15 February 20241 ERN = 0.3301 BRL
16 February 20241 ERN = 0.3300 BRL
17 February 20241 ERN = 0.3296 BRL
18 February 20241 ERN = 0.3297 BRL
19 February 20241 ERN = 0.3295 BRL
20 February 20241 ERN = 0.3293 BRL
21 February 20241 ERN = 0.3269 BRL
22 February 20241 ERN = 0.3279 BRL
23 February 20241 ERN = 0.3293 BRL
24 February 20241 ERN = 0.3314 BRL
25 February 20241 ERN = 0.3314 BRL
26 February 20241 ERN = 0.3318 BRL
27 February 20241 ERN = 0.3304 BRL
28 February 20241 ERN = 0.3277 BRL
29 February 20241 ERN = 0.3301 BRL

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.

15/08/2018: Elections and Political Uncertainty

The Real experienced significant volatility leading up to the Presidential elections, responding to political developments and market sentiment.

22/01/2015: Dollarization policy imposed

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

22/01/2015: Real Hits 10-Year Low

The Real reached its lowest level against the US dollar in a decade, primarily due to a decline in commodity prices and economic concerns.

15/09/2008: Global Financial Crisis Impact

As a consequence of the global financial crisis, the Brazilian Real faced a sharp depreciation against major currencies due to capital outflows and risk aversion.

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.

27/07/2005: New Currency Symbol

The Central Bank of Brazil announced a public competition to select a new currency symbol, which resulted in the adoption of the official symbol for the Real.

18/06/2002: Exchange Rate Floatation

The Brazilian government allowed the Real to float freely against other currencies, abandoning the controlled exchange rate regime.

15/01/1999: Devaluation of the Real

Due to the Russian financial crisis and the Asian financial crisis, the government devalued the Real by around 8% to boost exports and stimulate the economy.

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.

01/07/1994: Introduction of the Real Plan

The Brazilian real was established as the official currency, replacing the hyperinflation-ridden Cruzeiro Real. It aimed to stabilize the economy and combat inflation.
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