Historic Eritrean nakfa Costa Rican colón

Eritrean nakfa costa rican colón history for January 2024. The highest quote for this month is 34.423 (14/01/2024) and the lowest 34.423 (14/01/2024). The difference between high and low is 0.

ERN CRC average rate for January 2024 is 33.59196, the change between 01/01/2024 and 31/01/2024 is +1.45 %.

01 January 20241 ERN = 33.70 CRC
02 January 20241 ERN = 33.73 CRC
03 January 20241 ERN = 33.69 CRC
04 January 20241 ERN = 33.60 CRC
05 January 20241 ERN = 33.63 CRC
06 January 20241 ERN = 34.30 CRC
07 January 20241 ERN = 34.30 CRC
08 January 20241 ERN = 33.55 CRC
09 January 20241 ERN = 33.62 CRC
10 January 20241 ERN = 33.66 CRC
11 January 20241 ERN = 33.73 CRC
12 January 20241 ERN = 33.76 CRC
14 January 20241 ERN = 34.42 CRC
15 January 20241 ERN = 33.61 CRC
16 January 20241 ERN = 33.61 CRC
17 January 20241 ERN = 33.73 CRC
18 January 20241 ERN = 33.42 CRC
19 January 20241 ERN = 33.41 CRC
22 January 20241 ERN = 33.28 CRC
23 January 20241 ERN = 33.33 CRC
24 January 20241 ERN = 33.22 CRC
25 January 20241 ERN = 33.23 CRC
26 January 20241 ERN = 33.18 CRC
28 January 20241 ERN = 33.91 CRC
29 January 20241 ERN = 33.13 CRC
30 January 20241 ERN = 33.04 CRC
31 January 20241 ERN = 33.21 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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