Historic Eritrean nakfa Litecoin

Eritrean nakfa litecoin history for February 2024. The highest quote for this month is 5.6279 (29/02/2024) and the lowest 4.9252 (29/02/2024). The difference between high and low is 12.49.

ERN LTC average rate for February 2024 is 4.66852, the change between 01/02/2024 and 29/02/2024 is -18.56 %.

01 February 20241 ERN = 4.480 LTC
02 February 20241 ERN = 4.519 LTC
03 February 20241 ERN = 4.574 LTC
04 February 20241 ERN = 4.447 LTC
05 February 20241 ERN = 4.487 LTC
06 February 20241 ERN = 4.538 LTC
07 February 20241 ERN = 4.549 LTC
08 February 20241 ERN = 4.689 LTC
09 February 20241 ERN = 4.690 LTC
12 February 20241 ERN = 4.846 LTC
13 February 20241 ERN = 4.579 LTC
14 February 20241 ERN = 4.638 LTC
15 February 20241 ERN = 4.639 LTC
16 February 20241 ERN = 4.686 LTC
17 February 20241 ERN = 4.644 LTC
18 February 20241 ERN = 4.693 LTC
19 February 20241 ERN = 4.732 LTC
20 February 20241 ERN = 4.628 LTC
21 February 20241 ERN = 4.575 LTC
22 February 20241 ERN = 4.569 LTC
23 February 20241 ERN = 4.567 LTC
24 February 20241 ERN = 4.671 LTC
25 February 20241 ERN = 4.650 LTC
26 February 20241 ERN = 4.780 LTC
27 February 20241 ERN = 4.913 LTC
28 February 20241 ERN = 4.956 LTC
29 February 20241 ERN = 5.31 LTC

05/08/2021: Litecoin Foundation Partners with Atari

The Litecoin Foundation partners with Atari, a prominent gaming company, to integrate Litecoin into Atari's gaming ecosystem, enabling players to use LTC for in-game purchases and 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.

26/02/2020: Litecoin Implements Mimblewimble Extension Blocks

Litecoin developers announce plans to introduce Mimblewimble Extension Blocks, a privacy-focused protocol extension, to enhance fungibility and transaction anonymity.

05/08/2019: Litecoin Halving

The block reward for Litecoin is halved from 25 LTC to 12.5 LTC, reducing new supply issuance and potentially impacting the cryptocurrency's price and mining economics.

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.

12/12/2017: Litecoin Futures Launch on CME

The Chicago Mercantile Exchange (CME) launches futures contracts for Litecoin, offering institutional investors an avenue to trade and speculate on the cryptocurrency.

10/05/2017: Segregated Witness Activation

Litecoin activates Segregated Witness (SegWit), a protocol upgrade aimed at improving scalability and enabling second-layer solutions like the Lightning Network.

22/01/2015: Dollarization policy imposed

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

29/11/2013: Litecoin's First Major Price Rally

Litecoin experiences its first major price rally, reaching a peak of over $39 per LTC, driven by increased adoption and market speculation.

07/10/2011: Creation of Litecoin

Litecoin is created by Charlie Lee as a peer-to-peer cryptocurrency, based on the Bitcoin protocol, with faster block generation time and a different hashing algorithm.

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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