Historic Eritrean nakfa Dominican Peso

Eritrean nakfa dominican peso history for January 2024. The highest quote for this month is 3.9217 (30/01/2024) and the lowest 3.8991 (28/01/2024). The difference between high and low is 0.58.

ERN DOP average rate for January 2024 is 3.86468, the change between 01/01/2024 and 31/01/2024 is -2.43 %.

01 January 20241 ERN = 3.808 DOP
02 January 20241 ERN = 3.811 DOP
03 January 20241 ERN = 3.835 DOP
04 January 20241 ERN = 3.830 DOP
05 January 20241 ERN = 3.869 DOP
06 January 20241 ERN = 3.869 DOP
07 January 20241 ERN = 3.869 DOP
08 January 20241 ERN = 3.812 DOP
09 January 20241 ERN = 3.875 DOP
10 January 20241 ERN = 3.844 DOP
11 January 20241 ERN = 3.872 DOP
12 January 20241 ERN = 3.877 DOP
14 January 20241 ERN = 3.886 DOP
15 January 20241 ERN = 3.835 DOP
16 January 20241 ERN = 3.837 DOP
17 January 20241 ERN = 3.853 DOP
18 January 20241 ERN = 3.889 DOP
19 January 20241 ERN = 3.887 DOP
22 January 20241 ERN = 3.848 DOP
23 January 20241 ERN = 3.900 DOP
24 January 20241 ERN = 3.882 DOP
25 January 20241 ERN = 3.886 DOP
26 January 20241 ERN = 3.898 DOP
28 January 20241 ERN = 3.899 DOP
29 January 20241 ERN = 3.867 DOP
30 January 20241 ERN = 3.908 DOP
31 January 20241 ERN = 3.900 DOP

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.

01/10/2018: Redesign and Modernization of Banknotes

The Central Bank of the Dominican Republic unveils a redesigned series of banknotes with enhanced security features and modernized aesthetics.

22/01/2015: Dollarization policy imposed

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

01/12/2011: New Security Features

To combat counterfeiting, the Central Bank of the Dominican Republic introduces new security features on the Peso Dominicano banknotes.

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.

01/03/2004: Transition to the Peso Dominicano

The Dominican Republic transitions from the Peso Oro to the Peso Dominicano, a new currency with a different exchange rate, to improve monetary stability.

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.

11/10/1947: Introduction of the Peso Oro

The Peso Oro is introduced as a new currency in the Dominican Republic, replacing the previous Peso. It is pegged to the US dollar at a fixed exchange rate.

09/01/1905: The Monetary Law of 1905

The Dominican government enacts the Monetary Law of 1905, which establishes the gold standard for the Peso, linking its value to the US dollar.

17/03/1877: Introduction of Paper Money

The first paper money denominated in the Dominican Peso is introduced, replacing the previously used gold and silver coins.

27/02/1844: Dominican Independence

After gaining independence from Haiti, the Dominican Republic introduces its own currency, the Peso, as a symbol of its sovereignty.
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