Bulgarian lev eritrean nakfa exchange rate history (BGN ERN) January 2024

Bulgarian lev eritrean nakfa history for January 2024. The highest quote for this month is 8.5445 (01/01/2024) and the lowest 8.5546 (01/01/2024). The difference between high and low is -0.12.

BGN ERN average rate for January 2024 is 8.45184, the change between 01/01/2024 and 31/01/2024 is +1.82 %.

01 January 2024	1 BGN = 8.54 ERN
02 January 2024	1 BGN = 8.55 ERN
03 January 2024	1 BGN = 8.47 ERN
04 January 2024	1 BGN = 8.47 ERN
05 January 2024	1 BGN = 8.48 ERN
08 January 2024	1 BGN = 8.47 ERN
09 January 2024	1 BGN = 8.48 ERN
10 January 2024	1 BGN = 8.46 ERN
11 January 2024	1 BGN = 8.50 ERN
12 January 2024	1 BGN = 8.50 ERN
15 January 2024	1 BGN = 8.48 ERN
16 January 2024	1 BGN = 8.48 ERN
17 January 2024	1 BGN = 8.40 ERN
18 January 2024	1 BGN = 8.42 ERN
19 January 2024	1 BGN = 8.41 ERN
22 January 2024	1 BGN = 8.44 ERN
23 January 2024	1 BGN = 8.42 ERN
24 January 2024	1 BGN = 8.41 ERN
25 January 2024	1 BGN = 8.44 ERN
26 January 2024	1 BGN = 8.40 ERN
29 January 2024	1 BGN = 8.40 ERN
30 January 2024	1 BGN = 8.38 ERN
31 January 2024	1 BGN = 8.39 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.

06/05/2015: Pegged to the euro

The Bulgarian Lev officially became a currency pegged to the euro, maintaining a fixed exchange rate, on May 6, 2015.

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.

01/01/2002: Replacement of notes and coins

New series of notes and coins for the Bulgarian Lev were introduced, replacing the previous designs on January 1, 2002.

01/07/1999: Currency board arrangement

Bulgaria implemented a currency board arrangement, fixing the Bulgarian Lev to the euro at a rate of 1.95583 on July 1, 1999.

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.

15/09/1962: Introduction of the New Lev

The New Lev was introduced as a new currency in Bulgaria, replacing the Lev A, on September 15, 1962.

01/12/1952: Lev replaced by Lev A

The Bulgarian Lev was replaced by a new currency named Lev A on December 1, 1952 as a result of currency reform.

14/10/1923: Hyperinflation

Bulgaria experienced severe hyperinflation, causing the value of the Lev currency to plummet during the period from 1923 to 1924.

01/04/1881: Introduction of the Lev

The Bulgarian Lev currency was introduced as the official currency of Bulgaria on April 1, 1881.

Historic Bulgarian lev Eritrean nakfa