Bolivian boliviano eritrean nakfa exchange rate history (BOB ERN) October 2023

Bolivian boliviano eritrean nakfa history for October 2023. The highest quote for this month is 2.2453 (17/10/2023) and the lowest 2.256 (24/10/2023). The difference between high and low is -0.48.

BOB ERN average rate for October 2023 is 2.23275, the change between 01/10/2023 and 31/10/2023 is -1.99 %.

01 October 2023	1 BOB = 2.197 ERN
03 October 2023	1 BOB = 2.241 ERN
04 October 2023	1 BOB = 2.242 ERN
06 October 2023	1 BOB = 2.246 ERN
07 October 2023	1 BOB = 2.194 ERN
09 October 2023	1 BOB = 2.249 ERN
10 October 2023	1 BOB = 2.240 ERN
11 October 2023	1 BOB = 2.238 ERN
13 October 2023	1 BOB = 2.239 ERN
16 October 2023	1 BOB = 2.242 ERN
17 October 2023	1 BOB = 2.239 ERN
18 October 2023	1 BOB = 2.242 ERN
19 October 2023	1 BOB = 2.242 ERN
20 October 2023	1 BOB = 2.240 ERN
21 October 2023	1 BOB = 2.197 ERN
22 October 2023	1 BOB = 2.197 ERN
23 October 2023	1 BOB = 2.246 ERN
24 October 2023	1 BOB = 2.243 ERN
25 October 2023	1 BOB = 2.239 ERN
26 October 2023	1 BOB = 2.242 ERN
27 October 2023	1 BOB = 2.242 ERN
29 October 2023	1 BOB = 2.200 ERN
30 October 2023	1 BOB = 2.247 ERN
31 October 2023	1 BOB = 2.241 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.

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.

31/12/2004: Return to the boliviano

Bolivia ended the dollarization period and officially reintroduced the boliviano as the sole legal tender of the country.

31/12/2003: Dollarization crisis

Bolivia experienced a financial crisis, leading to the temporary dollarization of the economy and the use of the US dollar as legal tender.

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.

31/03/1988: Bolivianoization

Bolivianoization was implemented, requiring all contracts and transactions to be conducted in bolivianos instead of foreign currencies.

28/02/1987: Introduction of the second boliviano

A new boliviano, known as the second boliviano (Boliviano de Segunda), was introduced to replace the heavily devalued first boliviano.

31/01/1986: Hyperinflation crisis

Bolivia experienced a severe hyperinflation crisis, leading to the devaluation of the boliviano.

31/12/1962: Monetary reform

The boliviano underwent a monetary reform, with new banknotes and coins being issued.

31/12/1891: Introduction of Bolivian boliviano

The boliviano was introduced as the official currency of Bolivia, replacing the Bolivian peso.

Historic Bolivian boliviano Eritrean nakfa