Historic Eritrean nakfa Bangladeshi Taka

Eritrean nakfa bangladeshi taka history for January 2024. The highest quote for this month is 7.2757 (14/01/2024) and the lowest 7.2648 (28/01/2024). The difference between high and low is 0.15.

ERN BDT average rate for January 2024 is 7.18909, the change between 01/01/2024 and 31/01/2024 is +0.09 %.

01 January 20241 ERN = 7.19 BDT
02 January 20241 ERN = 7.19 BDT
03 January 20241 ERN = 7.19 BDT
04 January 20241 ERN = 7.17 BDT
05 January 20241 ERN = 7.17 BDT
06 January 20241 ERN = 7.24 BDT
07 January 20241 ERN = 7.27 BDT
08 January 20241 ERN = 7.16 BDT
09 January 20241 ERN = 7.17 BDT
10 January 20241 ERN = 7.18 BDT
11 January 20241 ERN = 7.17 BDT
12 January 20241 ERN = 7.18 BDT
14 January 20241 ERN = 7.28 BDT
15 January 20241 ERN = 7.16 BDT
16 January 20241 ERN = 7.17 BDT
17 January 20241 ERN = 7.19 BDT
18 January 20241 ERN = 7.17 BDT
19 January 20241 ERN = 7.18 BDT
22 January 20241 ERN = 7.17 BDT
23 January 20241 ERN = 7.18 BDT
24 January 20241 ERN = 7.17 BDT
25 January 20241 ERN = 7.17 BDT
26 January 20241 ERN = 7.18 BDT
28 January 20241 ERN = 7.26 BDT
29 January 20241 ERN = 7.19 BDT
30 January 20241 ERN = 7.17 BDT
31 January 20241 ERN = 7.18 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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