Historic Eritrean nakfa Bulgarian lev

Eritrean nakfa bulgarian lev history for January 2024. The highest quote for this month is 0.11958 (29/01/2024) and the lowest 0.11911 (29/01/2024). The difference between high and low is 0.39.

ERN BGN average rate for January 2024 is 0.11832, the change between 01/01/2024 and 31/01/2024 is -1.86 %.

01 January 20241 ERN = 0.1170 BGN
02 January 20241 ERN = 0.1170 BGN
03 January 20241 ERN = 0.1181 BGN
04 January 20241 ERN = 0.1181 BGN
05 January 20241 ERN = 0.1179 BGN
08 January 20241 ERN = 0.1181 BGN
09 January 20241 ERN = 0.1179 BGN
10 January 20241 ERN = 0.1182 BGN
11 January 20241 ERN = 0.1176 BGN
12 January 20241 ERN = 0.1177 BGN
15 January 20241 ERN = 0.1179 BGN
16 January 20241 ERN = 0.1179 BGN
17 January 20241 ERN = 0.1190 BGN
18 January 20241 ERN = 0.1188 BGN
19 January 20241 ERN = 0.1188 BGN
22 January 20241 ERN = 0.1185 BGN
23 January 20241 ERN = 0.1187 BGN
24 January 20241 ERN = 0.1189 BGN
25 January 20241 ERN = 0.1186 BGN
26 January 20241 ERN = 0.1190 BGN
29 January 20241 ERN = 0.1191 BGN
30 January 20241 ERN = 0.1193 BGN
31 January 20241 ERN = 0.1192 BGN

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.

06/05/2015: Pegged to the euro

The Bulgarian Lev officially became a currency pegged to the euro, maintaining a fixed exchange rate, on May 6, 2015.

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.

01/01/2002: Replacement of notes and coins

New series of notes and coins for the Bulgarian Lev were introduced, replacing the previous designs on January 1, 2002.

01/07/1999: Currency board arrangement

Bulgaria implemented a currency board arrangement, fixing the Bulgarian Lev to the euro at a rate of 1.95583 on July 1, 1999.

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.

15/09/1962: Introduction of the New Lev

The New Lev was introduced as a new currency in Bulgaria, replacing the Lev A, on September 15, 1962.

01/12/1952: Lev replaced by Lev A

The Bulgarian Lev was replaced by a new currency named Lev A on December 1, 1952 as a result of currency reform.

14/10/1923: Hyperinflation

Bulgaria experienced severe hyperinflation, causing the value of the Lev currency to plummet during the period from 1923 to 1924.

01/04/1881: Introduction of the Lev

The Bulgarian Lev currency was introduced as the official currency of Bulgaria on April 1, 1881.
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