Historic Eritrean nakfa Colombian Peso

Eritrean nakfa colombian peso history for February 2024. The highest quote for this month is 263.31 (26/02/2024) and the lowest 263.06 (24/02/2024). The difference between high and low is 0.09.

ERN COP average rate for February 2024 is 260.40296, the change between 01/02/2024 and 29/02/2024 is -0.33 %.

01 February 20241 ERN = 259.8 COP
02 February 20241 ERN = 258.1 COP
03 February 20241 ERN = 261.7 COP
04 February 20241 ERN = 261.7 COP
05 February 20241 ERN = 257.3 COP
06 February 20241 ERN = 263.3 COP
07 February 20241 ERN = 262.1 COP
08 February 20241 ERN = 262.7 COP
09 February 20241 ERN = 261.8 COP
12 February 20241 ERN = 258.6 COP
13 February 20241 ERN = 259.6 COP
14 February 20241 ERN = 260.3 COP
15 February 20241 ERN = 260.0 COP
16 February 20241 ERN = 259.3 COP
17 February 20241 ERN = 259.2 COP
18 February 20241 ERN = 259.2 COP
19 February 20241 ERN = 256.4 COP
20 February 20241 ERN = 260.2 COP
21 February 20241 ERN = 259.9 COP
22 February 20241 ERN = 260.7 COP
23 February 20241 ERN = 260.6 COP
24 February 20241 ERN = 263.1 COP
25 February 20241 ERN = 263.1 COP
26 February 20241 ERN = 257.7 COP
27 February 20241 ERN = 262.8 COP
28 February 20241 ERN = 261.1 COP
29 February 20241 ERN = 260.7 COP

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.

02/12/2016: Peace Agreement Impact

After the signing of the peace agreement with FARC, the Colombian Peso strengthened and saw improvements in the economy.

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.

24/07/2001: Exchange rate flexibility

Colombia allowed the Colombian Peso to have a flexible exchange rate, transitioning from a fixed exchange rate system.

21/10/1999: Colombia's Financial Crisis

Colombia faced a financial crisis resulting in a devaluation of the Peso and an economic recession.

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.

04/07/1991: Introduction of a New Peso

A new Peso was introduced with a higher value, replacing the old Peso due to high inflation.

12/06/1953: Creation of Banco de la República

The central bank of Colombia, Banco de la República, was established to regulate and control the Colombian Peso.

31/07/1886: Adoption of the Gold Standard

Colombia adopted the gold standard, linking the value of the Peso to gold, stabilizing the currency.

27/05/1837: Introduction of the Peso

The Colombian Peso was introduced as the official currency of Colombia, replacing the Spanish real.
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