Cape Verdean escudo eritrean nakfa exchange rate history (CVE ERN) November 2023

Cape Verdean escudo eritrean nakfa history for November 2023. The highest quote for this month is 0.1501 (29/11/2023) and the lowest 0.15022 (29/11/2023). The difference between high and low is -0.08.

CVE ERN average rate for November 2023 is 0.14785, the change between 01/11/2023 and 30/11/2023 is -4.06 %.

01 November 2023	1 CVE = 0.1442 ERN
06 November 2023	1 CVE = 0.1465 ERN
07 November 2023	1 CVE = 0.1466 ERN
08 November 2023	1 CVE = 0.1458 ERN
09 November 2023	1 CVE = 0.1465 ERN
10 November 2023	1 CVE = 0.1463 ERN
12 November 2023	1 CVE = 0.1459 ERN
13 November 2023	1 CVE = 0.1465 ERN
14 November 2023	1 CVE = 0.1461 ERN
15 November 2023	1 CVE = 0.1461 ERN
16 November 2023	1 CVE = 0.1483 ERN
17 November 2023	1 CVE = 0.1484 ERN
18 November 2023	1 CVE = 0.1486 ERN
19 November 2023	1 CVE = 0.1486 ERN
20 November 2023	1 CVE = 0.1492 ERN
21 November 2023	1 CVE = 0.1496 ERN
22 November 2023	1 CVE = 0.1492 ERN
23 November 2023	1 CVE = 0.1489 ERN
24 November 2023	1 CVE = 0.1491 ERN
26 November 2023	1 CVE = 0.1492 ERN
27 November 2023	1 CVE = 0.1495 ERN
28 November 2023	1 CVE = 0.1495 ERN
29 November 2023	1 CVE = 0.1499 ERN
30 November 2023	1 CVE = 0.1500 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.

Historic Cape Verdean escudo Eritrean nakfa