Historic Bhutanese ngultrum Eritrean nakfa

Bhutanese ngultrum eritrean nakfa history for January 2024. The highest quote for this month is 0.18174 (16/01/2024) and the lowest 0.1815 (16/01/2024). The difference between high and low is 0.13.

BTN ERN average rate for January 2024 is 0.18111, the change between 01/01/2024 and 31/01/2024 is +0.03 %.

01 January 20241 BTN = 0.1810 ERN
03 January 20241 BTN = 0.1807 ERN
04 January 20241 BTN = 0.1809 ERN
05 January 20241 BTN = 0.1810 ERN
08 January 20241 BTN = 0.1809 ERN
10 January 20241 BTN = 0.1809 ERN
11 January 20241 BTN = 0.1814 ERN
15 January 20241 BTN = 0.1814 ERN
16 January 20241 BTN = 0.1817 ERN
17 January 20241 BTN = 0.1811 ERN
18 January 20241 BTN = 0.1812 ERN
19 January 20241 BTN = 0.1810 ERN
22 January 20241 BTN = 0.1814 ERN
23 January 20241 BTN = 0.1809 ERN
24 January 20241 BTN = 0.1811 ERN
25 January 20241 BTN = 0.1812 ERN
26 January 20241 BTN = 0.1812 ERN
29 January 20241 BTN = 0.1810 ERN
30 January 20241 BTN = 0.1812 ERN
31 January 20241 BTN = 0.1810 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.

24/10/2018: 50 Ngultrum commemorative banknote issued

A special commemorative banknote of 50 Ngultrum was issued to celebrate the 50th Birth Anniversary of His Majesty Jigme Khesar Namgyel Wangchuck.

22/01/2015: Dollarization policy imposed

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

28/10/2013: 1000 Ngultrum banknote issued

A new denomination of 1000 Ngultrum banknote was introduced, reflecting the growing economy and need for larger denomination currency.

09/06/2011: Second series of Ngultrum banknotes issued

The second series of Bhutanese Ngultrum banknotes were issued, featuring improved security features and updated designs representing Bhutan's unique culture.

21/11/2006: Introduction of polymer banknotes

Polymer banknotes were introduced in Bhutan, replacing the older paper banknotes, to enhance durability and security of the currency.

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.

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.

04/03/1992: First series of Ngultrum banknotes issued

The first series of Bhutanese Ngultrum banknotes were issued in denominations of 1, 5, 10, 20, 50, and 100 Ngultrum, showcasing Bhutanese culture and landmarks.

31/12/1975: Establishment of the Royal Monetary Authority of Bhutan

The Royal Monetary Authority of Bhutan was established as the central bank of Bhutan, responsible for managing the Ngultrum currency.

31/05/1974: Introduction of the Bhutanese Ngultrum

The Bhutanese Ngultrum was introduced as the official currency of Bhutan to replace the Indian Rupee.