Historic Belize dollar Eritrean nakfa

Belize dollar eritrean nakfa history for February 2024. The highest quote for this month is 7.6562 (15/02/2024) and the lowest 7.6869 (02/02/2024). The difference between high and low is -0.4.

BZD ERN average rate for February 2024 is 7.62211, the change between 01/02/2024 and 29/02/2024 is +0.1 %.

01 February 20241 BZD = 7.67 ERN
02 February 20241 BZD = 7.64 ERN
03 February 20241 BZD = 7.53 ERN
04 February 20241 BZD = 7.53 ERN
05 February 20241 BZD = 7.58 ERN
06 February 20241 BZD = 7.63 ERN
07 February 20241 BZD = 7.65 ERN
08 February 20241 BZD = 7.64 ERN
09 February 20241 BZD = 7.65 ERN
12 February 20241 BZD = 7.65 ERN
13 February 20241 BZD = 7.65 ERN
14 February 20241 BZD = 7.65 ERN
15 February 20241 BZD = 7.64 ERN
16 February 20241 BZD = 7.66 ERN
17 February 20241 BZD = 7.54 ERN
18 February 20241 BZD = 7.54 ERN
19 February 20241 BZD = 7.65 ERN
20 February 20241 BZD = 7.64 ERN
21 February 20241 BZD = 7.65 ERN
22 February 20241 BZD = 7.64 ERN
23 February 20241 BZD = 7.65 ERN
24 February 20241 BZD = 7.54 ERN
25 February 20241 BZD = 7.54 ERN
26 February 20241 BZD = 7.65 ERN
27 February 20241 BZD = 7.65 ERN
28 February 20241 BZD = 7.64 ERN
29 February 20241 BZD = 7.66 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 July 2023
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