Historic Eritrean nakfa Bolivian boliviano

Eritrean nakfa bolivian boliviano history for February 2024. The highest quote for this month is 0.45581 (04/02/2024) and the lowest 0.45581 (04/02/2024). The difference between high and low is 0.

ERN BOB average rate for February 2024 is 0.44868, the change between 01/02/2024 and 29/02/2024 is -0.1 %.

01 February 20241 ERN = 0.4455 BOB
02 February 20241 ERN = 0.4467 BOB
03 February 20241 ERN = 0.4558 BOB
04 February 20241 ERN = 0.4558 BOB
05 February 20241 ERN = 0.4505 BOB
06 February 20241 ERN = 0.4473 BOB
07 February 20241 ERN = 0.4465 BOB
08 February 20241 ERN = 0.4469 BOB
09 February 20241 ERN = 0.4481 BOB
12 February 20241 ERN = 0.4464 BOB
13 February 20241 ERN = 0.4462 BOB
14 February 20241 ERN = 0.4462 BOB
15 February 20241 ERN = 0.4467 BOB
16 February 20241 ERN = 0.4460 BOB
17 February 20241 ERN = 0.4552 BOB
18 February 20241 ERN = 0.4552 BOB
19 February 20241 ERN = 0.4463 BOB
20 February 20241 ERN = 0.4467 BOB
21 February 20241 ERN = 0.4463 BOB
22 February 20241 ERN = 0.4468 BOB
23 February 20241 ERN = 0.4465 BOB
24 February 20241 ERN = 0.4552 BOB
25 February 20241 ERN = 0.4552 BOB
26 February 20241 ERN = 0.4464 BOB
27 February 20241 ERN = 0.4462 BOB
28 February 20241 ERN = 0.4478 BOB
29 February 20241 ERN = 0.4459 BOB

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.

22/01/2015: Dollarization policy imposed

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

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.

31/12/2004: Return to the boliviano

Bolivia ended the dollarization period and officially reintroduced the boliviano as the sole legal tender of the country.

31/12/2003: Dollarization crisis

Bolivia experienced a financial crisis, leading to the temporary dollarization of the economy and the use of the US dollar as legal tender.

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.

31/03/1988: Bolivianoization

Bolivianoization was implemented, requiring all contracts and transactions to be conducted in bolivianos instead of foreign currencies.

28/02/1987: Introduction of the second boliviano

A new boliviano, known as the second boliviano (Boliviano de Segunda), was introduced to replace the heavily devalued first boliviano.

31/01/1986: Hyperinflation crisis

Bolivia experienced a severe hyperinflation crisis, leading to the devaluation of the boliviano.

31/12/1962: Monetary reform

The boliviano underwent a monetary reform, with new banknotes and coins being issued.

31/12/1891: Introduction of Bolivian boliviano

The boliviano was introduced as the official currency of Bolivia, replacing the Bolivian peso.
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