Historic Eritrean nakfa Taiwan dollar

Eritrean nakfa taiwan dollar history for December 2023. The highest quote for this month is 2.0945 (13/12/2023) and the lowest 2.091 (13/12/2023). The difference between high and low is 0.17.

ERN TWD average rate for December 2023 is 2.07548, the change between 01/12/2023 and 31/12/2023 is +2.29 %.

01 December 20231 ERN = 2.085 TWD
02 December 20231 ERN = 2.079 TWD
03 December 20231 ERN = 2.079 TWD
04 December 20231 ERN = 2.072 TWD
05 December 20231 ERN = 2.085 TWD
06 December 20231 ERN = 2.094 TWD
07 December 20231 ERN = 2.090 TWD
08 December 20231 ERN = 2.088 TWD
10 December 20231 ERN = 2.087 TWD
11 December 20231 ERN = 2.084 TWD
12 December 20231 ERN = 2.079 TWD
13 December 20231 ERN = 2.089 TWD
14 December 20231 ERN = 2.070 TWD
15 December 20231 ERN = 2.069 TWD
16 December 20231 ERN = 2.081 TWD
17 December 20231 ERN = 2.081 TWD
18 December 20231 ERN = 2.083 TWD
19 December 20231 ERN = 2.082 TWD
20 December 20231 ERN = 2.078 TWD
21 December 20231 ERN = 2.080 TWD
22 December 20231 ERN = 2.073 TWD
23 December 20231 ERN = 2.064 TWD
24 December 20231 ERN = 2.061 TWD
26 December 20231 ERN = 2.068 TWD
27 December 20231 ERN = 2.053 TWD
28 December 20231 ERN = 2.050 TWD
29 December 20231 ERN = 2.037 TWD

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.

01/01/2005: New Taiwan dollar banknotes issued

New designs for Taiwan dollar banknotes are issued, featuring innovative security features and updated aesthetics to combat counterfeiting and improve the currency's image.

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.

30/04/1991: Foreign Exchange Control Act revised

Taiwan relaxes its foreign exchange controls, allowing more flexibility in the trading of the Taiwan dollar and promoting financial globalization.

15/07/1987: Lifting of martial law

The martial law, which had been in place in Taiwan since 1949, is lifted, marking a significant milestone towards the democratization and liberalization of the country.

16/12/1971: Taiwan's expulsion from the UN

The United Nations General Assembly recognizes the People's Republic of China as the legitimate representative of China, leading to Taiwan's expulsion from the UN and international isolation.

03/03/1952: TWD pegged to the US Dollar

The Taiwan dollar is pegged to the US Dollar at a fixed exchange rate of 32 TWD to 1 USD, stabilizing its value and promoting economic growth.

10/12/1949: Chinese Civil War ends

The Chinese Communist Party establishes the People's Republic of China on the mainland, leading to the Nationalist government's retreat to Taiwan, taking the Taiwan dollar with them.

25/10/1945: Taiwan is restored to the Republic of China

After the end of World War II, Taiwan is returned to the Republic of China from Japan, and the Taiwan dollar becomes the official currency.
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