Historic Eritrean nakfa Turkish Lira

Eritrean nakfa turkish lira history for February 2024. The highest quote for this month is 2.0827 (28/02/2024) and the lowest 2.0729 (29/02/2024). The difference between high and low is 0.47.

ERN TRY average rate for February 2024 is 2.04335, the change between 01/02/2024 and 29/02/2024 is -2.93 %.

01 February 20241 ERN = 2.015 TRY
02 February 20241 ERN = 2.023 TRY
03 February 20241 ERN = 2.024 TRY
04 February 20241 ERN = 2.020 TRY
05 February 20241 ERN = 2.011 TRY
06 February 20241 ERN = 2.029 TRY
07 February 20241 ERN = 2.027 TRY
08 February 20241 ERN = 2.033 TRY
09 February 20241 ERN = 2.035 TRY
12 February 20241 ERN = 2.036 TRY
13 February 20241 ERN = 2.038 TRY
14 February 20241 ERN = 2.039 TRY
15 February 20241 ERN = 2.043 TRY
16 February 20241 ERN = 2.045 TRY
17 February 20241 ERN = 2.046 TRY
18 February 20241 ERN = 2.045 TRY
19 February 20241 ERN = 2.044 TRY
20 February 20241 ERN = 2.051 TRY
21 February 20241 ERN = 2.051 TRY
22 February 20241 ERN = 2.061 TRY
23 February 20241 ERN = 2.062 TRY
24 February 20241 ERN = 2.060 TRY
25 February 20241 ERN = 2.062 TRY
26 February 20241 ERN = 2.066 TRY
27 February 20241 ERN = 2.065 TRY
28 February 20241 ERN = 2.070 TRY
29 February 20241 ERN = 2.074 TRY

04/11/2021: Resignation of Central Bank Governor and Lira Volatility

Following the resignation of the Turkish Central Bank governor, the lira experiences significant volatility in the foreign exchange market.

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.

10/08/2018: Currency Crisis and Lira Depreciation

The Turkish lira suffers a severe depreciation due to escalating tensions with the United States and concerns over the Turkish economy.

15/07/2016: Failed Coup Attempt and Lira Plunge

After a failed coup attempt, the value of the Turkish lira plunges as political instability increases.

22/01/2015: Dollarization policy imposed

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

30/04/2008: Global Financial Crisis and Turkish Lira

The Turkish lira experiences a significant depreciation as a result of the global financial crisis.

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.

01/01/2005: Introduction of New Turkish Lira (TRY)

Turkey introduces a new version of the Turkish lira, denoted as TRY, with a new currency symbol.

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.

29/10/1930: Adoption of the New Turkish Lira

The Turkish government introduces the New Turkish Lira (Yeni Türk Lirası) to replace the old currency.

29/10/1923: Founding of the Republic of Turkey

The Turkish lira is officially established as the currency of the newly founded Turkish Republic.
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