Historic Eritrean nakfa Philippine peso

Eritrean nakfa philippine peso history for February 2024. The highest quote for this month is 3.7424 (05/02/2024) and the lowest 3.7233 (29/02/2024). The difference between high and low is 0.51.

ERN PHP average rate for February 2024 is 3.71632, the change between 01/02/2024 and 29/02/2024 is -0.34 %.

01 February 20241 ERN = 3.722 PHP
02 February 20241 ERN = 3.716 PHP
03 February 20241 ERN = 3.715 PHP
04 February 20241 ERN = 3.715 PHP
05 February 20241 ERN = 3.727 PHP
06 February 20241 ERN = 3.741 PHP
07 February 20241 ERN = 3.724 PHP
08 February 20241 ERN = 3.718 PHP
09 February 20241 ERN = 3.714 PHP
12 February 20241 ERN = 3.712 PHP
13 February 20241 ERN = 3.709 PHP
14 February 20241 ERN = 3.718 PHP
15 February 20241 ERN = 3.723 PHP
16 February 20241 ERN = 3.704 PHP
17 February 20241 ERN = 3.713 PHP
18 February 20241 ERN = 3.713 PHP
19 February 20241 ERN = 3.713 PHP
20 February 20241 ERN = 3.721 PHP
21 February 20241 ERN = 3.706 PHP
22 February 20241 ERN = 3.709 PHP
23 February 20241 ERN = 3.700 PHP
24 February 20241 ERN = 3.709 PHP
25 February 20241 ERN = 3.709 PHP
26 February 20241 ERN = 3.712 PHP
27 February 20241 ERN = 3.718 PHP
28 February 20241 ERN = 3.726 PHP
29 February 20241 ERN = 3.735 PHP

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.

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.

11/09/1970: Introduction of the New Peso

The New Central Bank Act is enacted, leading to the introduction of a new currency called the New Peso, with a conversion rate of 1 New Peso to 2 old pesos.

04/07/1949: Central Bank of the Philippines

The Central Bank of the Philippines is established with the task of issuing and managing the Philippine currency.

20/10/1944: Introduction of the Philippine Liberation Peso

The United States-issued Philippine Liberation Peso is introduced to replace the Japanese-issued currency, serving as a transitional currency.

02/01/1942: Japanese Occupation

During World War II, the Japanese forces occupy the Philippines and introduce the Japanese-issued Philippine peso, known as Mickey Mouse money.

24/12/1933: Introduction of the Commonwealth Peso

The Commonwealth Act No. 265 is passed, creating a new Philippine currency called the Commonwealth Peso to replace the previous Peso.

12/06/1898: Philippine Independence

The Philippines declares independence from Spanish rule, leading to the establishment of the First Philippine Republic and the issuance of new currency.

01/05/1852: Introduction of the Peso

The Spanish colonial government issues the first official currency of the Philippines, known as the Peso, with a conversion rate of 2 Spanish reales to 1 Peso.
ERN PHP January 2024
ERN PHP February 2024
ERN PHP March 2024
ERN PHP April 2024
ERN PHP May 2024
ERN PHP June 2024
ERN PHP July 2024
ERN PHP August 2024
ERN PHP September 2024
ERN PHP October 2024
ERN PHP November 2024
ERN PHP December 2024
ERN PHP January 2025