Eritrean nakfa ethereum exchange rate history (ERN ETH) February 2024

Eritrean nakfa ethereum history for February 2024. The highest quote for this month is 233.51 (29/02/2024) and the lowest 219.53 (29/02/2024). The difference between high and low is 5.99.

ERN ETH average rate for February 2024 is 183.56741, the change between 01/02/2024 and 29/02/2024 is -45.25 %.

01 February 2024	1 ERN = 152.9 ETH
02 February 2024	1 ERN = 153.4 ETH
03 February 2024	1 ERN = 152.6 ETH
04 February 2024	1 ERN = 152.1 ETH
05 February 2024	1 ERN = 152.6 ETH
06 February 2024	1 ERN = 157.6 ETH
07 February 2024	1 ERN = 160.8 ETH
08 February 2024	1 ERN = 160.8 ETH
09 February 2024	1 ERN = 165.1 ETH
12 February 2024	1 ERN = 176.6 ETH
13 February 2024	1 ERN = 175.3 ETH
14 February 2024	1 ERN = 184.3 ETH
15 February 2024	1 ERN = 187.7 ETH
16 February 2024	1 ERN = 186.0 ETH
17 February 2024	1 ERN = 184.9 ETH
18 February 2024	1 ERN = 191.0 ETH
19 February 2024	1 ERN = 195.3 ETH
20 February 2024	1 ERN = 200.2 ETH
21 February 2024	1 ERN = 197.1 ETH
22 February 2024	1 ERN = 197.4 ETH
23 February 2024	1 ERN = 193.9 ETH
24 February 2024	1 ERN = 198.6 ETH
25 February 2024	1 ERN = 206.6 ETH
26 February 2024	1 ERN = 211.2 ETH
27 February 2024	1 ERN = 215.3 ETH
28 February 2024	1 ERN = 225.0 ETH
29 February 2024	1 ERN = 222.1 ETH

28/07/2020: Ethereum 2.0 Testnet Launch

The Beacon Chain, the first phase of Ethereum 2.0, goes live on a public testnet, marking a significant step towards the transition to a proof-of-stake consensus mechanism.

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.

20/07/2017: Ethereum Hard Forks: Byzantium

The Ethereum network undergoes a hard fork upgrade named Byzantium, implementing various improvements to enhance scalability, privacy, and security.

17/06/2016: The DAO Hack

The Decentralized Autonomous Organization (DAO), built on the Ethereum platform, suffers a major security breach, resulting in the theft of approximately 3.6 million ETH tokens.

30/07/2015: Ethereum Mainnet Launched

The Ethereum mainnet is released, enabling developers around the world to build and deploy decentralized applications on the Ethereum blockchain.

22/01/2015: Dollarization policy imposed

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

30/07/2013: Ethereum Whitepaper Published

Vitalik Buterin publishes the Ethereum whitepaper, outlining a new blockchain platform designed to support decentralized applications and smart contracts.

03/01/2009: Bitcoin Genesis Block Created

The first block of the Bitcoin blockchain, known as the Genesis Block, is mined by Satoshi Nakamoto, marking the birth of the Bitcoin network.

31/10/2008: Bitcoin Whitepaper Published

Satoshi Nakamoto releases a whitepaper titled 'Bitcoin: A Peer-to-Peer Electronic Cash System,' introducing the concept of a decentralized digital 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.

Historic Eritrean nakfa Ethereum