Historic Eritrean nakfa Botswana pula

Eritrean nakfa botswana pula history for January 2024. The highest quote for this month is 0.9012 (24/01/2024) and the lowest 0.9013 (23/01/2024). The difference between high and low is -0.01.

ERN BWP average rate for January 2024 is 0.89125, the change between 01/01/2024 and 31/01/2024 is -1.63 %.

01 January 20241 ERN = 0.8816 BWP
02 January 20241 ERN = 0.8824 BWP
03 January 20241 ERN = 0.8783 BWP
04 January 20241 ERN = 0.8898 BWP
05 January 20241 ERN = 0.8882 BWP
08 January 20241 ERN = 0.8899 BWP
09 January 20241 ERN = 0.8890 BWP
10 January 20241 ERN = 0.8897 BWP
11 January 20241 ERN = 0.8870 BWP
12 January 20241 ERN = 0.8872 BWP
15 January 20241 ERN = 0.8876 BWP
16 January 20241 ERN = 0.8873 BWP
17 January 20241 ERN = 0.8980 BWP
18 January 20241 ERN = 0.8974 BWP
19 January 20241 ERN = 0.8973 BWP
22 January 20241 ERN = 0.8967 BWP
23 January 20241 ERN = 0.9014 BWP
24 January 20241 ERN = 0.9001 BWP
25 January 20241 ERN = 0.8929 BWP
26 January 20241 ERN = 0.8941 BWP
29 January 20241 ERN = 0.8944 BWP
30 January 20241 ERN = 0.8926 BWP
31 January 20241 ERN = 0.8960 BWP

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.

01/10/2018: Introduction of New Coins

Botswana introduces a new series of coins, featuring updated designs and enhanced durability.

22/01/2015: Dollarization policy imposed

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

01/08/2014: Currency Redenomination

Botswana redenominates the Pula, dividing it into 1000 Thebe to simplify calculations and reduce the use of smaller denominations.

05/10/2009: Introduction of New Banknotes

Botswana introduces a new series of banknotes, featuring improved security features and updated designs.

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.

23/08/2005: Currency Devaluation

Botswana allows the Pula to float freely against other currencies, resulting in a devaluation of approximately 12%.

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.

31/12/1980: Currency Board Established

The Bank of Botswana establishes a Currency Board, which manages the issuance and distribution of the Pula.

17/10/1978: Currency Pegged to a Basket

Botswana pegs the Pula to a basket of currencies, including the South African Rand, British Pound, and US Dollar.

14/09/1976: Introduction of the Pula

Botswana replaces the South African Rand with its own currency, the Pula, at a 1:1 exchange rate.
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