Historic Colombian Peso Eritrean nakfa

Colombian Peso eritrean nakfa history for January 2024. The highest quote for this month is 0.003881 (01/01/2024) and the lowest 0.003929 (02/01/2024). The difference between high and low is -1.24.

COP ERN average rate for January 2024 is 0.00386, the change between 01/01/2024 and 31/01/2024 is +2.24 %.

01 January 20241 COP = 0.0039 ERN
02 January 20241 COP = 0.0039 ERN
03 January 20241 COP = 0.0039 ERN
04 January 20241 COP = 0.0039 ERN
05 January 20241 COP = 0.0038 ERN
06 January 20241 COP = 0.0039 ERN
07 January 20241 COP = 0.0039 ERN
08 January 20241 COP = 0.0039 ERN
09 January 20241 COP = 0.0039 ERN
10 January 20241 COP = 0.0038 ERN
11 January 20241 COP = 0.0038 ERN
12 January 20241 COP = 0.0038 ERN
14 January 20241 COP = 0.0038 ERN
15 January 20241 COP = 0.0039 ERN
16 January 20241 COP = 0.0039 ERN
17 January 20241 COP = 0.0038 ERN
18 January 20241 COP = 0.0038 ERN
19 January 20241 COP = 0.0038 ERN
22 January 20241 COP = 0.0039 ERN
23 January 20241 COP = 0.0039 ERN
24 January 20241 COP = 0.0038 ERN
25 January 20241 COP = 0.0039 ERN
26 January 20241 COP = 0.0038 ERN
28 January 20241 COP = 0.0039 ERN
29 January 20241 COP = 0.0039 ERN
30 January 20241 COP = 0.0038 ERN
31 January 20241 COP = 0.0038 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.

02/12/2016: Peace Agreement Impact

After the signing of the peace agreement with FARC, the Colombian Peso strengthened and saw improvements in the economy.

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.

24/07/2001: Exchange rate flexibility

Colombia allowed the Colombian Peso to have a flexible exchange rate, transitioning from a fixed exchange rate system.

21/10/1999: Colombia's Financial Crisis

Colombia faced a financial crisis resulting in a devaluation of the Peso and an economic recession.

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.

04/07/1991: Introduction of a New Peso

A new Peso was introduced with a higher value, replacing the old Peso due to high inflation.

12/06/1953: Creation of Banco de la República

The central bank of Colombia, Banco de la República, was established to regulate and control the Colombian Peso.

31/07/1886: Adoption of the Gold Standard

Colombia adopted the gold standard, linking the value of the Peso to gold, stabilizing the currency.

27/05/1837: Introduction of the Peso

The Colombian Peso was introduced as the official currency of Colombia, replacing the Spanish real.
COP ERN January 2024
COP ERN February 2024
COP ERN March 2024
COP ERN April 2024
COP ERN May 2024
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COP ERN July 2024
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COP ERN October 2024
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COP ERN December 2024
COP ERN January 2025