Historic Bitcoin Eritrean nakfa

Bitcoin eritrean nakfa history for February 2024. The highest quote for this month is 0.000349 (04/02/2024) and the lowest 0.000359 (01/02/2024). The difference between high and low is -2.87.

BTC ERN average rate for February 2024 is 0.0003, the change between 01/02/2024 and 29/02/2024 is +29.71 %.

01 February 20241 BTC = 0.0004 ERN
02 February 20241 BTC = 0.0003 ERN
03 February 20241 BTC = 0.0004 ERN
04 February 20241 BTC = 0.0004 ERN
05 February 20241 BTC = 0.0004 ERN
06 February 20241 BTC = 0.0003 ERN
07 February 20241 BTC = 0.0003 ERN
08 February 20241 BTC = 0.0003 ERN
09 February 20241 BTC = 0.0003 ERN
12 February 20241 BTC = 0.0003 ERN
13 February 20241 BTC = 0.0003 ERN
14 February 20241 BTC = 0.0003 ERN
15 February 20241 BTC = 0.0003 ERN
16 February 20241 BTC = 0.0003 ERN
17 February 20241 BTC = 0.0003 ERN
18 February 20241 BTC = 0.0003 ERN
19 February 20241 BTC = 0.0003 ERN
20 February 20241 BTC = 0.0003 ERN
21 February 20241 BTC = 0.0003 ERN
22 February 20241 BTC = 0.0003 ERN
23 February 20241 BTC = 0.0003 ERN
24 February 20241 BTC = 0.0003 ERN
25 February 20241 BTC = 0.0003 ERN
26 February 20241 BTC = 0.0003 ERN
27 February 20241 BTC = 0.0003 ERN
28 February 20241 BTC = 0.0002 ERN
29 February 20241 BTC = 0.0002 ERN

08/02/2021: Tesla's Bitcoin Investment

Tesla announced a $1.5 billion investment in Bitcoin and plans to accept it as a form of payment for its products.

11/05/2020: Third Bitcoin Halving

The block reward for miners was reduced from 12.5 BTC to 6.25 BTC, reducing the rate of new Bitcoin creation.

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.

17/12/2017: Bitcoin Price Peak

Bitcoin reached its all-time high price of nearly $20,000 per BTC during a speculative market frenzy.

01/08/2017: Bitcoin Cash Fork

Bitcoin underwent a hard fork leading to the creation of a new cryptocurrency called Bitcoin Cash (BCH).

22/01/2015: Dollarization policy imposed

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

28/11/2013: All-Time High (ATH) Price

Bitcoin reached its first significant price milestone by surpassing $1,000 per BTC for the first time.

22/05/2010: Bitcoin Pizza Day

Laszlo Hanyecz made the first recorded real-world transaction using Bitcoin, buying two pizzas for 10,000 BTC.

03/01/2009: Bitcoin Genesis Block

The first block of the Bitcoin blockchain, also known as the Genesis Block, was mined by Satoshi Nakamoto.

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.
BTC ERN August 2023
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