Historic Eritrean nakfa Bangladeshi Taka

Eritrean nakfa bangladeshi taka history for February 2024. The highest quote for this month is 7.2757 (04/02/2024) and the lowest 7.2648 (17/02/2024). The difference between high and low is 0.15.

ERN BDT average rate for February 2024 is 7.19775, the change between 01/02/2024 and 29/02/2024 is -0.1 %.

01 February 20241 ERN = 7.16 BDT
02 February 20241 ERN = 7.18 BDT
03 February 20241 ERN = 7.26 BDT
04 February 20241 ERN = 7.28 BDT
05 February 20241 ERN = 7.24 BDT
06 February 20241 ERN = 7.19 BDT
07 February 20241 ERN = 7.18 BDT
08 February 20241 ERN = 7.18 BDT
09 February 20241 ERN = 7.18 BDT
12 February 20241 ERN = 7.17 BDT
13 February 20241 ERN = 7.17 BDT
14 February 20241 ERN = 7.17 BDT
15 February 20241 ERN = 7.18 BDT
16 February 20241 ERN = 7.17 BDT
17 February 20241 ERN = 7.26 BDT
18 February 20241 ERN = 7.26 BDT
19 February 20241 ERN = 7.17 BDT
20 February 20241 ERN = 7.18 BDT
21 February 20241 ERN = 7.17 BDT
22 February 20241 ERN = 7.18 BDT
23 February 20241 ERN = 7.17 BDT
24 February 20241 ERN = 7.26 BDT
25 February 20241 ERN = 7.26 BDT
26 February 20241 ERN = 7.18 BDT
27 February 20241 ERN = 7.17 BDT
28 February 20241 ERN = 7.18 BDT
29 February 20241 ERN = 7.17 BDT

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.

20/03/2020: Banned Old Notes

Bangladesh bans the circulation of old 1000 Taka notes to combat counterfeit currency and encourage the use of new security-enhanced banknotes.

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.

22/01/2015: Dollarization policy imposed

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

12/06/2011: Denomination Revamp

Bangladesh revalues its currency by dropping two zeros from the denominations, making 1000 Taka equal to 10 Taka.

01/07/2007: Introduction of Polymer Banknotes

Bangladesh introduces polymer banknotes for the first time, enhancing durability, security, and public acceptance of the Bangladeshi Taka.

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.

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.

02/03/1976: Introduction of Decimal System

Bangladesh transitions from the Indian Rupee-based monetary system to the decimal-based system, resulting in the issuance of new banknotes and coins.

15/08/1975: Assassination of Sheikh Mujibur Rahman

The assassination of Sheikh Mujibur Rahman, the founding father of Bangladesh and the advocate for the Bangladeshi Taka, creates political instability and economic challenges.

04/01/1972: Introduction of Bangladeshi Taka

The Bangladeshi Taka is introduced as the national currency replacing the Pakistani Rupee at par.

25/03/1971: Declaration of Independence

Bangladesh declares independence from Pakistan, leading to the establishment of the Bangladeshi Taka as the official currency.
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