Historic Eritrean nakfa Nicaraguan córdoba

Eritrean nakfa nicaraguan córdoba history for February 2024. The highest quote for this month is 2.4335 (04/02/2024) and the lowest 2.4335 (03/02/2024). The difference between high and low is 0.

ERN NIO average rate for February 2024 is 2.42377, the change between 01/02/2024 and 29/02/2024 is +0.58 %.

01 February 20241 ERN = 2.424 NIO
02 February 20241 ERN = 2.426 NIO
03 February 20241 ERN = 2.434 NIO
04 February 20241 ERN = 2.434 NIO
05 February 20241 ERN = 2.424 NIO
06 February 20241 ERN = 2.407 NIO
07 February 20241 ERN = 2.422 NIO
08 February 20241 ERN = 2.429 NIO
09 February 20241 ERN = 2.424 NIO
12 February 20241 ERN = 2.412 NIO
13 February 20241 ERN = 2.422 NIO
14 February 20241 ERN = 2.424 NIO
15 February 20241 ERN = 2.429 NIO
16 February 20241 ERN = 2.424 NIO
17 February 20241 ERN = 2.430 NIO
18 February 20241 ERN = 2.430 NIO
19 February 20241 ERN = 2.412 NIO
20 February 20241 ERN = 2.415 NIO
21 February 20241 ERN = 2.425 NIO
22 February 20241 ERN = 2.432 NIO
23 February 20241 ERN = 2.432 NIO
24 February 20241 ERN = 2.430 NIO
25 February 20241 ERN = 2.430 NIO
26 February 20241 ERN = 2.413 NIO
27 February 20241 ERN = 2.422 NIO
28 February 20241 ERN = 2.427 NIO
29 February 20241 ERN = 2.410 NIO

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.

22/01/2015: Dollarization policy imposed

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

20/11/2009: Resumption of issuing Córdoba coins

The Central Bank resumed issuing córdoba coins, reintroducing denominations of 10, 25, and 50 centavos, and 1 córdoba.

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.

01/01/2001: Dollarization

Nicaragua adopted the US dollar as its official currency, effectively ending the era of the Nicaraguan córdoba as the national currency.

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.

04/07/1991: Currency control and unification

The government implemented currency control measures, unifying the exchange rate at 5 córdobas oro per US dollar.

25/04/1991: Córdoba Oro becomes legal tender

The Córdoba Oro was declared as the only legal tender in Nicaragua, replacing the old cordoba.

01/02/1988: Introduction of the Córdoba Oro Currencies

The government introduced the Córdoba Oro as a new currency, replacing the previous currency, with an initial rate of 1 córdoba oro = 1,000 córdobas.

01/03/1932: Córdoba de Oro established

The Córdoba de Oro was introduced, replacing the previous córdoba at a rate of 10,000 to 1.

20/10/1912: Introduction of the Nicaraguan córdoba

The Nicaraguan córdoba was introduced as the official currency of Nicaragua, replacing the peso at a rate of 12.5 córdobas per US dollar.
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