Historic Eritrean nakfa Taiwan dollar

Eritrean nakfa taiwan dollar history for February 2024. The highest quote for this month is 2.1048 (28/02/2024) and the lowest 2.0979 (28/02/2024). The difference between high and low is 0.33.

ERN TWD average rate for February 2024 is 2.08463, the change between 01/02/2024 and 29/02/2024 is -1.43 %.

01 February 20241 ERN = 2.073 TWD
02 February 20241 ERN = 2.075 TWD
03 February 20241 ERN = 2.085 TWD
04 February 20241 ERN = 2.085 TWD
05 February 20241 ERN = 2.079 TWD
06 February 20241 ERN = 2.082 TWD
07 February 20241 ERN = 2.071 TWD
08 February 20241 ERN = 2.084 TWD
09 February 20241 ERN = 2.077 TWD
12 February 20241 ERN = 2.084 TWD
13 February 20241 ERN = 2.076 TWD
14 February 20241 ERN = 2.088 TWD
15 February 20241 ERN = 2.083 TWD
16 February 20241 ERN = 2.075 TWD
17 February 20241 ERN = 2.082 TWD
18 February 20241 ERN = 2.079 TWD
19 February 20241 ERN = 2.079 TWD
20 February 20241 ERN = 2.087 TWD
21 February 20241 ERN = 2.082 TWD
22 February 20241 ERN = 2.088 TWD
23 February 20241 ERN = 2.087 TWD
24 February 20241 ERN = 2.096 TWD
25 February 20241 ERN = 2.094 TWD
26 February 20241 ERN = 2.100 TWD
27 February 20241 ERN = 2.094 TWD
28 February 20241 ERN = 2.098 TWD
29 February 20241 ERN = 2.103 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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