Historic Eritrean nakfa Chilean Peso

Eritrean nakfa chilean peso history for February 2024. The highest quote for this month is 65.664 (26/02/2024) and the lowest 65.05 (28/02/2024). The difference between high and low is 0.94.

ERN CLP average rate for February 2024 is 63.76933, the change between 01/02/2024 and 29/02/2024 is -5.34 %.

01 February 20241 ERN = 61.73 CLP
02 February 20241 ERN = 61.90 CLP
05 February 20241 ERN = 61.56 CLP
06 February 20241 ERN = 63.37 CLP
07 February 20241 ERN = 62.88 CLP
08 February 20241 ERN = 63.33 CLP
09 February 20241 ERN = 64.06 CLP
12 February 20241 ERN = 63.56 CLP
13 February 20241 ERN = 64.40 CLP
14 February 20241 ERN = 64.36 CLP
15 February 20241 ERN = 63.61 CLP
16 February 20241 ERN = 64.18 CLP
19 February 20241 ERN = 63.12 CLP
20 February 20241 ERN = 64.09 CLP
21 February 20241 ERN = 63.84 CLP
22 February 20241 ERN = 64.40 CLP
23 February 20241 ERN = 64.93 CLP
26 February 20241 ERN = 64.17 CLP
27 February 20241 ERN = 65.46 CLP
28 February 20241 ERN = 65.18 CLP
29 February 20241 ERN = 65.03 CLP

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.

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.

29/09/1977: Decimals Introduced

Chile replaced the escudo with the decimal centavo as the subunit of the peso, simplifying its monetary system.

29/09/1975: Floating Exchange Rate

Chile moved from a fixed to a floating exchange rate system, allowing the peso to be determined by market forces.

02/01/1958: Introduction of Escudo as Subunit

The subunit of 1/100 peso, called the escudo, was introduced to facilitate smaller transactions in Chile.

31/12/1925: Creation of the Central Bank of Chile

The Central Bank of Chile was established, gaining authority over the country's currency issuance and monetary policy.

25/06/1895: Gold Standard Adoption

Chile adopted the gold standard, tying the value of the Chilean Peso to the price of gold and stabilizing its currency.

15/06/1851: First Peso Coinage

The first official peso coins were introduced by the Chilean government, replacing the Spanish colonial currency.

12/02/1817: Chilean Independence

Chile gained independence from Spain, leading to the establishment of the Chilean Peso as its official currency.
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