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.
22/12/2003: Redenomination of the Haitian Currency
To simplify transactions, the Haitian government removes three zeros from the gourde and renames it as the Haitian dollar (HTD), later reverting to the gourde (HTG).
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.
30/09/1991: Overthrow of President Jean-Bertrand Aristide
Political instability and economic crisis lead to President Aristide's ousting, causing further depreciation of the gourde.
01/05/1989: Introduction of the Third Haitian Gourde
A third gourde is introduced to replace the second gourde at a ratio of 1:5, with hopes of stabilizing the economy.
01/02/1967: Introduction of the Second Haitian Gourde
To combat inflation, Haiti replaces the first gourde with a new currency, the second gourde, at a ratio of 1:100.
01/07/1912: Establishment of the Banque Nationale de la République d'Haïti
The Banque Nationale de la République d'Haïti is founded as the central bank responsible for managing the gourde.
01/01/1874: Introduction of the First Haitian Gourde
The Haitian government issues the first official currency, the gourde, to replace various fractional currencies.
01/01/1804: Declaration of Independence
After gaining independence from France, Haiti adopts the gourde as its national currency.