Historic Eritrean nakfa Philippine peso

Eritrean nakfa philippine peso history for January 2024. The highest quote for this month is 3.7558 (25/01/2024) and the lowest 3.7369 (28/01/2024). The difference between high and low is 0.5.

ERN PHP average rate for January 2024 is 3.71055, the change between 01/01/2024 and 31/01/2024 is -2.04 %.

01 January 20241 ERN = 3.666 PHP
02 January 20241 ERN = 3.675 PHP
03 January 20241 ERN = 3.692 PHP
04 January 20241 ERN = 3.694 PHP
05 January 20241 ERN = 3.684 PHP
06 January 20241 ERN = 3.688 PHP
07 January 20241 ERN = 3.690 PHP
08 January 20241 ERN = 3.687 PHP
09 January 20241 ERN = 3.693 PHP
10 January 20241 ERN = 3.727 PHP
11 January 20241 ERN = 3.718 PHP
12 January 20241 ERN = 3.717 PHP
14 January 20241 ERN = 3.714 PHP
15 January 20241 ERN = 3.702 PHP
16 January 20241 ERN = 3.698 PHP
17 January 20241 ERN = 3.714 PHP
18 January 20241 ERN = 3.710 PHP
19 January 20241 ERN = 3.701 PHP
22 January 20241 ERN = 3.707 PHP
23 January 20241 ERN = 3.743 PHP
24 January 20241 ERN = 3.735 PHP
25 January 20241 ERN = 3.728 PHP
26 January 20241 ERN = 3.750 PHP
28 January 20241 ERN = 3.737 PHP
29 January 20241 ERN = 3.736 PHP
30 January 20241 ERN = 3.738 PHP
31 January 20241 ERN = 3.741 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.
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