Historic Dominican Peso Eritrean nakfa

Dominican Peso eritrean nakfa history for February 2024. The highest quote for this month is 0.26054 (07/02/2024) and the lowest 0.27665 (07/02/2024). The difference between high and low is -6.18.

DOP ERN average rate for February 2024 is 0.25757, the change between 01/02/2024 and 29/02/2024 is -0.95 %.

01 February 20241 DOP = 0.2578 ERN
02 February 20241 DOP = 0.2581 ERN
03 February 20241 DOP = 0.2565 ERN
04 February 20241 DOP = 0.2565 ERN
05 February 20241 DOP = 0.2569 ERN
06 February 20241 DOP = 0.2587 ERN
07 February 20241 DOP = 0.2570 ERN
08 February 20241 DOP = 0.2568 ERN
09 February 20241 DOP = 0.2583 ERN
12 February 20241 DOP = 0.2600 ERN
13 February 20241 DOP = 0.2581 ERN
14 February 20241 DOP = 0.2589 ERN
15 February 20241 DOP = 0.2584 ERN
16 February 20241 DOP = 0.2581 ERN
17 February 20241 DOP = 0.2577 ERN
18 February 20241 DOP = 0.2577 ERN
19 February 20241 DOP = 0.2570 ERN
20 February 20241 DOP = 0.2568 ERN
21 February 20241 DOP = 0.2572 ERN
22 February 20241 DOP = 0.2576 ERN
23 February 20241 DOP = 0.2563 ERN
24 February 20241 DOP = 0.2570 ERN
25 February 20241 DOP = 0.2570 ERN
26 February 20241 DOP = 0.2564 ERN
27 February 20241 DOP = 0.2572 ERN
28 February 20241 DOP = 0.2563 ERN
29 February 20241 DOP = 0.2603 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: Redesign and Modernization of Banknotes

The Central Bank of the Dominican Republic unveils a redesigned series of banknotes with enhanced security features and modernized aesthetics.

22/01/2015: Dollarization policy imposed

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

01/12/2011: New Security Features

To combat counterfeiting, the Central Bank of the Dominican Republic introduces new security features on the Peso Dominicano banknotes.

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.

01/03/2004: Transition to the Peso Dominicano

The Dominican Republic transitions from the Peso Oro to the Peso Dominicano, a new currency with a different exchange rate, to improve monetary stability.

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.

11/10/1947: Introduction of the Peso Oro

The Peso Oro is introduced as a new currency in the Dominican Republic, replacing the previous Peso. It is pegged to the US dollar at a fixed exchange rate.

09/01/1905: The Monetary Law of 1905

The Dominican government enacts the Monetary Law of 1905, which establishes the gold standard for the Peso, linking its value to the US dollar.

17/03/1877: Introduction of Paper Money

The first paper money denominated in the Dominican Peso is introduced, replacing the previously used gold and silver coins.

27/02/1844: Dominican Independence

After gaining independence from Haiti, the Dominican Republic introduces its own currency, the Peso, as a symbol of its sovereignty.
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