Historic Swiss franc Eritrean nakfa

Swiss franc eritrean nakfa history for February 2024. The highest quote for this month is 17.424 (01/02/2024) and the lowest 17.6 (02/02/2024). The difference between high and low is -1.01.

CHF ERN average rate for February 2024 is 17.19225, the change between 01/02/2024 and 29/02/2024 is +2 %.

01 February 20241 CHF = 17.48 ERN
02 February 20241 CHF = 17.55 ERN
04 February 20241 CHF = 17.38 ERN
05 February 20241 CHF = 17.38 ERN
06 February 20241 CHF = 17.29 ERN
07 February 20241 CHF = 17.33 ERN
08 February 20241 CHF = 17.22 ERN
09 February 20241 CHF = 17.25 ERN
12 February 20241 CHF = 17.22 ERN
13 February 20241 CHF = 17.21 ERN
14 February 20241 CHF = 16.98 ERN
15 February 20241 CHF = 17.00 ERN
16 February 20241 CHF = 17.13 ERN
19 February 20241 CHF = 17.11 ERN
20 February 20241 CHF = 17.05 ERN
21 February 20241 CHF = 17.09 ERN
22 February 20241 CHF = 17.12 ERN
23 February 20241 CHF = 17.13 ERN
24 February 20241 CHF = 17.11 ERN
25 February 20241 CHF = 17.13 ERN
26 February 20241 CHF = 17.08 ERN
27 February 20241 CHF = 17.13 ERN
28 February 20241 CHF = 17.13 ERN
29 February 20241 CHF = 17.13 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.

22/01/2015: Dollarization policy imposed

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

15/01/2015: Removal of Minimum Exchange Rate

The Swiss National Bank unexpectedly abandoned the minimum exchange rate, causing the Swiss franc (CHF) to surge in value.

06/09/2011: Implementation of Minimum Exchange Rate

The Swiss National Bank imposed a minimum exchange rate pegging the Swiss franc (CHF) to the Euro to prevent excessive appreciation.

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.

13/09/1999: Introduction of Euro

Switzerland decided not to join the Eurozone and maintain the Swiss franc (CHF) as its official currency.

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.

08/05/1973: Floatation of Swiss Franc

Switzerland abandoned the fixed exchange rate system, allowing the Swiss franc (CHF) to float freely against other currencies.

01/05/1936: Introduction of Swiss National Bank

The Swiss National Bank was established as the central bank responsible for issuing and managing the Swiss franc (CHF).

24/11/1907: Gold Standard Referendum

Switzerland voted to adopt the gold standard, making the Swiss franc (CHF) fully convertible into gold.

06/06/1850: Currency Act of 1850

The Swiss franc (CHF) was introduced as the official currency of Switzerland.
CHF ERN August 2023
CHF ERN September 2023
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CHF ERN January 2024
CHF ERN February 2024
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