Historic Eritrean nakfa Bitcoin Cash

Eritrean nakfa bitcoin cash history for February 2024. The highest quote for this month is 21.412 (29/02/2024) and the lowest 19.411 (29/02/2024). The difference between high and low is 9.35.

ERN BCH average rate for February 2024 is 17.44885, the change between 01/02/2024 and 29/02/2024 is -26.35 %.

01 February 20241 ERN = 15.70 BCH
02 February 20241 ERN = 15.70 BCH
03 February 20241 ERN = 15.99 BCH
04 February 20241 ERN = 15.63 BCH
05 February 20241 ERN = 15.62 BCH
06 February 20241 ERN = 15.63 BCH
07 February 20241 ERN = 15.96 BCH
08 February 20241 ERN = 16.25 BCH
09 February 20241 ERN = 16.61 BCH
12 February 20241 ERN = 18.66 BCH
13 February 20241 ERN = 17.97 BCH
14 February 20241 ERN = 18.66 BCH
15 February 20241 ERN = 17.98 BCH
16 February 20241 ERN = 18.24 BCH
17 February 20241 ERN = 17.75 BCH
18 February 20241 ERN = 17.94 BCH
19 February 20241 ERN = 18.12 BCH
20 February 20241 ERN = 17.64 BCH
21 February 20241 ERN = 17.46 BCH
22 February 20241 ERN = 17.29 BCH
23 February 20241 ERN = 17.55 BCH
24 February 20241 ERN = 17.76 BCH
25 February 20241 ERN = 17.77 BCH
26 February 20241 ERN = 18.27 BCH
27 February 20241 ERN = 19.41 BCH
28 February 20241 ERN = 19.72 BCH
29 February 20241 ERN = 19.84 BCH

03/08/2021: El Salvador Adopts Bitcoin as Legal Tender

El Salvador becomes the first country to recognize Bitcoin, including Bitcoin Cash (BCH), as a legal tender, leading to increased adoption.

24/02/2021: Bitcoin Cash Becomes Merchant Payment Solution

Bitcoin Cash (BCH) gains traction as a popular cryptocurrency for merchant payments due to its low fees and faster transaction times.

15/11/2020: Bitcoin Cash ABC vs. Bitcoin Cash Node

A contentious hard fork occurs within Bitcoin Cash (BCH) community, resulting in a split between Bitcoin Cash ABC and Bitcoin Cash Node.

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.

15/05/2018: Bitcoin Cash Upgrade

Bitcoin Cash (BCH) undergoes a hard fork called ABC upgrade, introducing larger block sizes and smart contract functionalities.

01/08/2017: Bitcoin Cash Hard Fork

Bitcoin Cash (BCH) splits from Bitcoin (BTC) due to a contentious hard fork, increasing the block size to 8MB.

22/01/2015: Dollarization policy imposed

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

03/01/2009: First Bitcoin Block Mined

The Genesis Block, also known as Block 0, is mined, marking the birth of Bitcoin network.

31/10/2008: Bitcoin Whitepaper Released

Satoshi Nakamoto publishes Bitcoin whitepaper, laying the foundation for peer-to-peer electronic cash system.

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.
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