Historic Dominican Peso Eritrean nakfa

Dominican Peso eritrean nakfa history for January 2024. The highest quote for this month is 0.2627 (04/01/2024) and the lowest 0.26288 (03/01/2024). The difference between high and low is -0.07.

DOP ERN average rate for January 2024 is 0.25877, the change between 01/01/2024 and 31/01/2024 is +2.37 %.

01 January 20241 DOP = 0.2626 ERN
02 January 20241 DOP = 0.2624 ERN
03 January 20241 DOP = 0.2607 ERN
04 January 20241 DOP = 0.2611 ERN
05 January 20241 DOP = 0.2585 ERN
06 January 20241 DOP = 0.2585 ERN
07 January 20241 DOP = 0.2585 ERN
08 January 20241 DOP = 0.2623 ERN
09 January 20241 DOP = 0.2581 ERN
10 January 20241 DOP = 0.2602 ERN
11 January 20241 DOP = 0.2583 ERN
12 January 20241 DOP = 0.2579 ERN
14 January 20241 DOP = 0.2573 ERN
15 January 20241 DOP = 0.2607 ERN
16 January 20241 DOP = 0.2606 ERN
17 January 20241 DOP = 0.2596 ERN
18 January 20241 DOP = 0.2572 ERN
19 January 20241 DOP = 0.2573 ERN
22 January 20241 DOP = 0.2599 ERN
23 January 20241 DOP = 0.2564 ERN
24 January 20241 DOP = 0.2576 ERN
25 January 20241 DOP = 0.2573 ERN
26 January 20241 DOP = 0.2566 ERN
28 January 20241 DOP = 0.2565 ERN
29 January 20241 DOP = 0.2586 ERN
30 January 20241 DOP = 0.2559 ERN
31 January 20241 DOP = 0.2564 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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DOP ERN January 2025