Historic Eritrean nakfa Bitcoin

Eritrean nakfa bitcoin history for February 2024. The highest quote for this month is 4241.08 (28/02/2024) and the lowest 4019.85 (29/02/2024). The difference between high and low is 5.22.

ERN BTC average rate for February 2024 is 3320.58556, the change between 01/02/2024 and 29/02/2024 is -42.26 %.

01 February 20241 ERN = 2858.38 BTC
02 February 20241 ERN = 2869.49 BTC
03 February 20241 ERN = 2856.63 BTC
04 February 20241 ERN = 2829.47 BTC
05 February 20241 ERN = 2830.70 BTC
06 February 20241 ERN = 2862.77 BTC
07 February 20241 ERN = 2940.82 BTC
08 February 20241 ERN = 3010.07 BTC
09 February 20241 ERN = 3128.55 BTC
12 February 20241 ERN = 3319.48 BTC
13 February 20241 ERN = 3300.76 BTC
14 February 20241 ERN = 3439.06 BTC
15 February 20241 ERN = 3451.07 BTC
16 February 20241 ERN = 3461.19 BTC
17 February 20241 ERN = 3428.20 BTC
18 February 20241 ERN = 3458.70 BTC
19 February 20241 ERN = 3435.91 BTC
20 February 20241 ERN = 3474.08 BTC
21 February 20241 ERN = 3439.89 BTC
22 February 20241 ERN = 3408.97 BTC
23 February 20241 ERN = 3366.42 BTC
24 February 20241 ERN = 3422.10 BTC
25 February 20241 ERN = 3432.86 BTC
26 February 20241 ERN = 3622.75 BTC
27 February 20241 ERN = 3788.01 BTC
28 February 20241 ERN = 4153.14 BTC
29 February 20241 ERN = 4066.34 BTC

08/02/2021: Tesla's Bitcoin Investment

Tesla announced a $1.5 billion investment in Bitcoin and plans to accept it as a form of payment for its products.

11/05/2020: Third Bitcoin Halving

The block reward for miners was reduced from 12.5 BTC to 6.25 BTC, reducing the rate of new Bitcoin creation.

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.

17/12/2017: Bitcoin Price Peak

Bitcoin reached its all-time high price of nearly $20,000 per BTC during a speculative market frenzy.

01/08/2017: Bitcoin Cash Fork

Bitcoin underwent a hard fork leading to the creation of a new cryptocurrency called Bitcoin Cash (BCH).

22/01/2015: Dollarization policy imposed

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

28/11/2013: All-Time High (ATH) Price

Bitcoin reached its first significant price milestone by surpassing $1,000 per BTC for the first time.

22/05/2010: Bitcoin Pizza Day

Laszlo Hanyecz made the first recorded real-world transaction using Bitcoin, buying two pizzas for 10,000 BTC.

03/01/2009: Bitcoin Genesis Block

The first block of the Bitcoin blockchain, also known as the Genesis Block, was mined by Satoshi Nakamoto.

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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