Historic Mongolian Tugrik Eritrean nakfa

Mongolian Tugrik eritrean nakfa history for February 2024. The highest quote for this month is 0.004455 (29/02/2024) and the lowest 0.00445 (29/02/2024). The difference between high and low is 0.11.

MNT ERN average rate for February 2024 is 0.00444, the change between 01/02/2024 and 29/02/2024 is -0.41 %.

01 February 20241 MNT = 0.0044 ERN
02 February 20241 MNT = 0.0044 ERN
03 February 20241 MNT = 0.0044 ERN
04 February 20241 MNT = 0.0044 ERN
05 February 20241 MNT = 0.0044 ERN
06 February 20241 MNT = 0.0044 ERN
07 February 20241 MNT = 0.0044 ERN
08 February 20241 MNT = 0.0044 ERN
09 February 20241 MNT = 0.0044 ERN
12 February 20241 MNT = 0.0044 ERN
13 February 20241 MNT = 0.0044 ERN
14 February 20241 MNT = 0.0044 ERN
15 February 20241 MNT = 0.0044 ERN
16 February 20241 MNT = 0.0044 ERN
17 February 20241 MNT = 0.0044 ERN
18 February 20241 MNT = 0.0044 ERN
19 February 20241 MNT = 0.0044 ERN
20 February 20241 MNT = 0.0044 ERN
21 February 20241 MNT = 0.0044 ERN
22 February 20241 MNT = 0.0044 ERN
23 February 20241 MNT = 0.0044 ERN
24 February 20241 MNT = 0.0044 ERN
25 February 20241 MNT = 0.0044 ERN
26 February 20241 MNT = 0.0044 ERN
27 February 20241 MNT = 0.0045 ERN
28 February 20241 MNT = 0.0044 ERN
29 February 20241 MNT = 0.0045 ERN

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.

01/01/2017: Floating Exchange Rate Regime

Mongolia adopts a fully floating exchange rate regime for the Tugrik, allowing the currency's value to be determined by market forces without intervention from the central bank.

22/01/2015: Dollarization policy imposed

Eritrea imposed a dollarization policy, making the US dollar the predominant currency for most transactions.

26/06/2009: Currency Redenomination

Mongolia redenominates its currency, replacing the old Tugrik banknotes with new ones at a ratio of 1 to 1000, in an effort to simplify transactions and reduce inflation.

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.

06/03/1993: Mongolia Joins IMF

Mongolia becomes a member of the International Monetary Fund (IMF), influencing monetary policies and further shaping the development of the Tugrik currency.

01/07/1992: Tugrik Exchange Rate Liberalization

Mongolia liberalizes the exchange rate of the Tugrik, allowing it to fluctuate based on market forces and paving the way for a more flexible currency system.

21/12/1991: Transition to Market Economy

Mongolia undergoes a transition from a centrally planned economy to a market economy, leading to major changes in the Tugrik currency system.

04/07/1946: Mongolian People's Bank Established

The Mongolian People's Bank is established as the central bank of Mongolia, responsible for issuing and managing the Tugrik currency.

01/12/1925: Introduction of the Tugrik Currency

Mongolia officially introduces the Tugrik as its national currency, replacing the previous currency system.
MNT ERN January 2024
MNT ERN February 2024
MNT ERN March 2024
MNT ERN April 2024
MNT ERN May 2024
MNT ERN June 2024
MNT ERN July 2024
MNT ERN August 2024
MNT ERN September 2024
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MNT ERN November 2024
MNT ERN December 2024
MNT ERN January 2025