Historic Eritrean nakfa Kazakhstani tenge

Eritrean nakfa kazakhstani tenge history for February 2024. The highest quote for this month is 30.131 (05/02/2024) and the lowest 30.087 (05/02/2024). The difference between high and low is 0.15.

ERN KZT average rate for February 2024 is 29.77193, the change between 01/02/2024 and 29/02/2024 is -0.2 %.

01 February 20241 ERN = 29.63 KZT
02 February 20241 ERN = 29.72 KZT
03 February 20241 ERN = 30.01 KZT
04 February 20241 ERN = 30.01 KZT
05 February 20241 ERN = 30.09 KZT
06 February 20241 ERN = 30.12 KZT
07 February 20241 ERN = 29.92 KZT
08 February 20241 ERN = 29.95 KZT
09 February 20241 ERN = 29.71 KZT
12 February 20241 ERN = 29.47 KZT
13 February 20241 ERN = 29.57 KZT
14 February 20241 ERN = 29.57 KZT
15 February 20241 ERN = 29.61 KZT
16 February 20241 ERN = 29.59 KZT
17 February 20241 ERN = 29.82 KZT
18 February 20241 ERN = 29.82 KZT
19 February 20241 ERN = 29.67 KZT
20 February 20241 ERN = 29.79 KZT
21 February 20241 ERN = 29.90 KZT
22 February 20241 ERN = 29.78 KZT
23 February 20241 ERN = 29.80 KZT
24 February 20241 ERN = 29.81 KZT
25 February 20241 ERN = 29.81 KZT
26 February 20241 ERN = 29.76 KZT
27 February 20241 ERN = 29.55 KZT
28 February 20241 ERN = 29.72 KZT
29 February 20241 ERN = 29.68 KZT

13/12/2021: Introduction of New Banknotes and Coins

New banknotes and coins were introduced, featuring updated designs, improved security features, and denominations. This aims to enhance the efficiency of cash transactions.

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.

03/04/2017: Transition to Free Float

After gradually reducing interventions, Kazakhstan fully transitioned to a free float exchange rate for the tenge, allowing the market to determine its value.

20/08/2015: Tenge Devaluation

Kazakhstan devalued the tenge by around 30% due to falling oil prices and economic instability. This move aimed to boost exports and protect the economy.

22/01/2015: Dollarization policy imposed

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

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.

19/04/2004: Introduction of New Banknotes

New banknotes with enhanced security features and updated designs were introduced to combat counterfeiting and modernize the currency.

04/10/1999: Floating Exchange Rate

Kazakhstan switched to a floating exchange rate regime, allowing the tenge to fluctuate freely based on market supply and demand.

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.

15/02/1994: Denomination of Tenge

The tenge underwent a 10,000-fold denomination, where 1 new tenge was equal to 10,000 old tenge. This was done to simplify currency handling and eliminate excessive zeros.

15/11/1993: Introduction of Kazakhstani Tenge

The Kazakhstani tenge was introduced as the new currency of Kazakhstan, replacing the Soviet ruble. The exchange rate was set at 1 tenge = 500 rubles.
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