Historic Eritrean nakfa Czech koruna

Eritrean nakfa czech koruna history for February 2024. The highest quote for this month is 1.5767 (15/02/2024) and the lowest 1.5695 (14/02/2024). The difference between high and low is 0.46.

ERN CZK average rate for February 2024 is 1.55017, the change between 01/02/2024 and 29/02/2024 is -1.73 %.

01 February 20241 ERN = 1.523 CZK
02 February 20241 ERN = 1.517 CZK
03 February 20241 ERN = 1.536 CZK
04 February 20241 ERN = 1.533 CZK
05 February 20241 ERN = 1.535 CZK
06 February 20241 ERN = 1.541 CZK
07 February 20241 ERN = 1.536 CZK
08 February 20241 ERN = 1.537 CZK
09 February 20241 ERN = 1.553 CZK
12 February 20241 ERN = 1.552 CZK
13 February 20241 ERN = 1.553 CZK
14 February 20241 ERN = 1.569 CZK
15 February 20241 ERN = 1.571 CZK
16 February 20241 ERN = 1.560 CZK
17 February 20241 ERN = 1.567 CZK
18 February 20241 ERN = 1.565 CZK
19 February 20241 ERN = 1.564 CZK
20 February 20241 ERN = 1.569 CZK
21 February 20241 ERN = 1.557 CZK
22 February 20241 ERN = 1.553 CZK
23 February 20241 ERN = 1.553 CZK
24 February 20241 ERN = 1.555 CZK
25 February 20241 ERN = 1.551 CZK
26 February 20241 ERN = 1.556 CZK
27 February 20241 ERN = 1.550 CZK
28 February 20241 ERN = 1.551 CZK
29 February 20241 ERN = 1.549 CZK

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.

05/04/2016: End of currency intervention

The Czech National Bank ended its currency intervention policy, allowing the koruna to float freely and be determined by market forces.

22/01/2015: Dollarization policy imposed

Eritrea imposed a dollarization policy, making the US dollar the predominant currency for most transactions.

06/11/2013: Currency intervention

The Czech National Bank implemented a currency intervention policy to weaken the koruna and stimulate the country's economy.

09/10/2008: Global financial crisis impact

The koruna experienced significant depreciation during the global financial crisis, reflecting the economic challenges faced by the Czech Republic.

30/04/2007: EU membership benefits

The Czech Republic became a member of the European Union's economic and monetary union, allowing for greater stability and cooperation for the koruna.

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.

30/04/2004: EU Accession

The Czech Republic joined the European Union, paving the way for further integration of the koruna with European monetary policies.

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.

30/06/1993: Currency conversion

The Czech Republic adopted a new currency regime, shifting from a fixed exchange rate to a floating exchange rate for the koruna.

07/02/1993: Establishment of Czech koruna

The Czech koruna was introduced as the official currency of the Czech Republic following the dissolution of Czechoslovakia.
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