Historic Turkish Lira Eritrean nakfa

Turkish Lira eritrean nakfa history for February 2024. The highest quote for this month is 0.49622 (01/02/2024) and the lowest 0.49631 (01/02/2024). The difference between high and low is -0.02.

TRY ERN average rate for February 2024 is 0.48943, the change between 01/02/2024 and 29/02/2024 is +2.85 %.

01 February 20241 TRY = 0.4964 ERN
02 February 20241 TRY = 0.4944 ERN
03 February 20241 TRY = 0.4942 ERN
04 February 20241 TRY = 0.4951 ERN
05 February 20241 TRY = 0.4973 ERN
06 February 20241 TRY = 0.4929 ERN
07 February 20241 TRY = 0.4934 ERN
08 February 20241 TRY = 0.4920 ERN
09 February 20241 TRY = 0.4914 ERN
12 February 20241 TRY = 0.4911 ERN
13 February 20241 TRY = 0.4907 ERN
14 February 20241 TRY = 0.4905 ERN
15 February 20241 TRY = 0.4894 ERN
16 February 20241 TRY = 0.4891 ERN
17 February 20241 TRY = 0.4888 ERN
18 February 20241 TRY = 0.4891 ERN
19 February 20241 TRY = 0.4892 ERN
20 February 20241 TRY = 0.4876 ERN
21 February 20241 TRY = 0.4876 ERN
22 February 20241 TRY = 0.4852 ERN
23 February 20241 TRY = 0.4850 ERN
24 February 20241 TRY = 0.4855 ERN
25 February 20241 TRY = 0.4851 ERN
26 February 20241 TRY = 0.4840 ERN
27 February 20241 TRY = 0.4843 ERN
28 February 20241 TRY = 0.4832 ERN
29 February 20241 TRY = 0.4822 ERN

04/11/2021: Resignation of Central Bank Governor and Lira Volatility

Following the resignation of the Turkish Central Bank governor, the lira experiences significant volatility in the foreign exchange market.

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.

10/08/2018: Currency Crisis and Lira Depreciation

The Turkish lira suffers a severe depreciation due to escalating tensions with the United States and concerns over the Turkish economy.

15/07/2016: Failed Coup Attempt and Lira Plunge

After a failed coup attempt, the value of the Turkish lira plunges as political instability increases.

22/01/2015: Dollarization policy imposed

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

30/04/2008: Global Financial Crisis and Turkish Lira

The Turkish lira experiences a significant depreciation as a result of the global financial crisis.

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: Introduction of New Turkish Lira (TRY)

Turkey introduces a new version of the Turkish lira, denoted as TRY, with a new currency symbol.

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.

29/10/1930: Adoption of the New Turkish Lira

The Turkish government introduces the New Turkish Lira (Yeni Türk Lirası) to replace the old currency.

29/10/1923: Founding of the Republic of Turkey

The Turkish lira is officially established as the currency of the newly founded Turkish Republic.
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