Historic Eritrean nakfa Ethereum

Eritrean nakfa ethereum history for January 2024. The highest quote for this month is 179.86 (12/01/2024) and the lowest 170.63 (11/01/2024). The difference between high and low is 5.13.

ERN ETH average rate for January 2024 is 157.00667, the change between 01/01/2024 and 31/01/2024 is +2.84 %.

01 January 20241 ERN = 156.1 ETH
02 January 20241 ERN = 156.3 ETH
03 January 20241 ERN = 146.9 ETH
04 January 20241 ERN = 150.6 ETH
05 January 20241 ERN = 150.5 ETH
06 January 20241 ERN = 148.8 ETH
07 January 20241 ERN = 147.5 ETH
08 January 20241 ERN = 155.0 ETH
09 January 20241 ERN = 155.6 ETH
10 January 20241 ERN = 171.6 ETH
11 January 20241 ERN = 173.8 ETH
12 January 20241 ERN = 167.7 ETH
14 January 20241 ERN = 164.3 ETH
15 January 20241 ERN = 166.7 ETH
16 January 20241 ERN = 171.7 ETH
17 January 20241 ERN = 168.0 ETH
18 January 20241 ERN = 163.7 ETH
19 January 20241 ERN = 165.4 ETH
22 January 20241 ERN = 153.3 ETH
23 January 20241 ERN = 148.9 ETH
24 January 20241 ERN = 148.2 ETH
25 January 20241 ERN = 147.2 ETH
26 January 20241 ERN = 150.4 ETH
28 January 20241 ERN = 149.8 ETH
29 January 20241 ERN = 154.0 ETH
30 January 20241 ERN = 155.6 ETH
31 January 20241 ERN = 151.7 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.
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