Historic Cape Verdean escudo Eritrean nakfa

Cape Verdean escudo eritrean nakfa history for February 2024. The highest quote for this month is 0.14825 (02/02/2024) and the lowest 0.14852 (02/02/2024). The difference between high and low is -0.18.

CVE ERN average rate for February 2024 is 0.14744, the change between 01/02/2024 and 29/02/2024 is +0.36 %.

01 February 20241 CVE = 0.1485 ERN
02 February 20241 CVE = 0.1481 ERN
03 February 20241 CVE = 0.1474 ERN
04 February 20241 CVE = 0.1474 ERN
05 February 20241 CVE = 0.1474 ERN
06 February 20241 CVE = 0.1466 ERN
07 February 20241 CVE = 0.1469 ERN
08 February 20241 CVE = 0.1470 ERN
09 February 20241 CVE = 0.1472 ERN
12 February 20241 CVE = 0.1472 ERN
13 February 20241 CVE = 0.1473 ERN
14 February 20241 CVE = 0.1465 ERN
15 February 20241 CVE = 0.1465 ERN
16 February 20241 CVE = 0.1470 ERN
17 February 20241 CVE = 0.1470 ERN
18 February 20241 CVE = 0.1470 ERN
19 February 20241 CVE = 0.1473 ERN
20 February 20241 CVE = 0.1471 ERN
21 February 20241 CVE = 0.1478 ERN
22 February 20241 CVE = 0.1477 ERN
23 February 20241 CVE = 0.1480 ERN
24 February 20241 CVE = 0.1480 ERN
25 February 20241 CVE = 0.1480 ERN
26 February 20241 CVE = 0.1479 ERN
27 February 20241 CVE = 0.1483 ERN
28 February 20241 CVE = 0.1481 ERN
29 February 20241 CVE = 0.1479 ERN

04/05/2020: COVID-19 impact on currency

The outbreak of COVID-19 and its economic consequences led to a depreciation of the Cape Verdean escudo against major international currencies due to reduced tourism and economic activity.

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.

30/09/2017: New escudo banknotes issued

Cape Verde introduced a new series of banknotes for the escudo, featuring enhanced security features, updated designs, and improved durability.

22/01/2015: Dollarization policy imposed

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

31/12/2014: End of the peg to the euro

Cape Verde decided to abandon the peg to the euro, shifting to a managed float exchange rate system to allow the currency to fluctuate based on market forces.

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.

01/01/2005: Decimalization of the escudo

The Cape Verdean escudo underwent a decimalization process, with the subdivision of 1 escudo into 100 centavos.

01/01/1998: Currency pegged to the euro

The Cape Verdean escudo was pegged to the euro at a fixed exchange rate of 1 euro = 110.265 CVE, ensuring stability and facilitating trade.

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.

17/11/1977: Introduction of the new escudo

A new version of the Cape Verdean escudo was introduced, replacing the previous version with a new design and updated security features.

05/07/1975: Independence of Cape Verde

The Cape Verdean escudo (CVE) was officially adopted as the currency of Cape Verde upon gaining independence from Portugal.
CVE ERN December 2023
CVE ERN January 2024
CVE ERN February 2024
CVE ERN March 2024
CVE ERN April 2024
CVE ERN May 2024
CVE ERN June 2024
CVE ERN July 2024
CVE ERN August 2024
CVE ERN September 2024
CVE ERN October 2024
CVE ERN November 2024
CVE ERN December 2024