Historic Eritrean nakfa Costa Rican colón

Eritrean nakfa costa rican colón history for February 2024. The highest quote for this month is 34.129 (03/02/2024) and the lowest 34.072 (17/02/2024). The difference between high and low is 0.17.

ERN CRC average rate for February 2024 is 33.5233, the change between 01/02/2024 and 29/02/2024 is -0.38 %.

01 February 20241 ERN = 33.12 CRC
02 February 20241 ERN = 33.21 CRC
03 February 20241 ERN = 34.06 CRC
04 February 20241 ERN = 34.06 CRC
05 February 20241 ERN = 33.71 CRC
06 February 20241 ERN = 33.52 CRC
07 February 20241 ERN = 33.45 CRC
08 February 20241 ERN = 33.49 CRC
09 February 20241 ERN = 33.45 CRC
12 February 20241 ERN = 33.44 CRC
13 February 20241 ERN = 33.42 CRC
14 February 20241 ERN = 33.43 CRC
15 February 20241 ERN = 33.50 CRC
16 February 20241 ERN = 33.48 CRC
17 February 20241 ERN = 34.07 CRC
18 February 20241 ERN = 34.07 CRC
19 February 20241 ERN = 33.41 CRC
20 February 20241 ERN = 33.30 CRC
21 February 20241 ERN = 33.27 CRC
22 February 20241 ERN = 33.25 CRC
23 February 20241 ERN = 33.31 CRC
24 February 20241 ERN = 34.02 CRC
25 February 20241 ERN = 34.02 CRC
26 February 20241 ERN = 33.30 CRC
27 February 20241 ERN = 33.25 CRC
28 February 20241 ERN = 33.32 CRC
29 February 20241 ERN = 33.24 CRC

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.

15/10/2006: New series of banknotes

Costa Rica introduced a new series of banknotes featuring enhanced security features to combat counterfeiting and modernize the colón currency.

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.

21/05/1991: Free-floating exchange rate

Costa Rica transitioned to a floating exchange rate regime, allowing the colón's value to be determined by market forces.

09/11/1961: Introduction of the Monetary Reform

Costa Rica implemented a monetary reform, replacing the old colón with a new one at a rate of 1 to 100, to combat inflation.

30/11/1949: Abolition of the army

After the abolition of the army, the Costa Rican government focused on economic development, leading to stable monetary policies for the colón.

14/12/1917: Establishment of the Central Bank of Costa Rica

The Central Bank of Costa Rica was established to oversee monetary policy, including the management of the colón.

09/04/1896: Adoption of the gold standard

Costa Rica adopted the gold standard, pegging the value of the colón to gold, leading to currency stability.

18/03/1850: Introduction of the Costa Rican colón

The Costa Rican colón was officially introduced as the currency of Costa Rica to replace the Spanish real.
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