Botswana pula eritrean nakfa exchange rate history (BWP ERN) February 2024

Botswana pula eritrean nakfa history for February 2024. The highest quote for this month is 1.1249 (02/02/2024) and the lowest 1.125 (02/02/2024). The difference between high and low is -0.01.

BWP ERN average rate for February 2024 is 1.11072, the change between 01/02/2024 and 29/02/2024 is +1.54 %.

01 February 2024	1 BWP = 1.122 ERN
02 February 2024	1 BWP = 1.119 ERN
05 February 2024	1 BWP = 1.115 ERN
06 February 2024	1 BWP = 1.109 ERN
07 February 2024	1 BWP = 1.111 ERN
08 February 2024	1 BWP = 1.113 ERN
09 February 2024	1 BWP = 1.111 ERN
12 February 2024	1 BWP = 1.109 ERN
13 February 2024	1 BWP = 1.110 ERN
14 February 2024	1 BWP = 1.115 ERN
15 February 2024	1 BWP = 1.104 ERN
16 February 2024	1 BWP = 1.110 ERN
19 February 2024	1 BWP = 1.113 ERN
20 February 2024	1 BWP = 1.112 ERN
21 February 2024	1 BWP = 1.111 ERN
22 February 2024	1 BWP = 1.112 ERN
23 February 2024	1 BWP = 1.112 ERN
26 February 2024	1 BWP = 1.103 ERN
27 February 2024	1 BWP = 1.105 ERN
28 February 2024	1 BWP = 1.106 ERN
29 February 2024	1 BWP = 1.105 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.

01/10/2018: Introduction of New Coins

Botswana introduces a new series of coins, featuring updated designs and enhanced durability.

22/01/2015: Dollarization policy imposed

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

01/08/2014: Currency Redenomination

Botswana redenominates the Pula, dividing it into 1000 Thebe to simplify calculations and reduce the use of smaller denominations.

05/10/2009: Introduction of New Banknotes

Botswana introduces a new series of banknotes, featuring improved security features and updated designs.

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.

23/08/2005: Currency Devaluation

Botswana allows the Pula to float freely against other currencies, resulting in a devaluation of approximately 12%.

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.

31/12/1980: Currency Board Established

The Bank of Botswana establishes a Currency Board, which manages the issuance and distribution of the Pula.

17/10/1978: Currency Pegged to a Basket

Botswana pegs the Pula to a basket of currencies, including the South African Rand, British Pound, and US Dollar.

14/09/1976: Introduction of the Pula

Botswana replaces the South African Rand with its own currency, the Pula, at a 1:1 exchange rate.

Historic Botswana pula Eritrean nakfa