Historic Turkish Lira Eritrean nakfa

Turkish Lira eritrean nakfa history for January 2024. The highest quote for this month is 0.51141 (01/01/2024) and the lowest 0.51146 (02/01/2024). The difference between high and low is -0.01.

TRY ERN average rate for January 2024 is 0.50194, the change between 01/01/2024 and 31/01/2024 is +4.54 %.

01 January 20241 TRY = 0.5193 ERN
02 January 20241 TRY = 0.5121 ERN
03 January 20241 TRY = 0.5060 ERN
04 January 20241 TRY = 0.5061 ERN
05 January 20241 TRY = 0.5050 ERN
06 January 20241 TRY = 0.5054 ERN
07 January 20241 TRY = 0.5044 ERN
08 January 20241 TRY = 0.5053 ERN
09 January 20241 TRY = 0.5038 ERN
10 January 20241 TRY = 0.5023 ERN
11 January 20241 TRY = 0.5048 ERN
12 January 20241 TRY = 0.5007 ERN
14 January 20241 TRY = 0.5007 ERN
15 January 20241 TRY = 0.5013 ERN
16 January 20241 TRY = 0.5011 ERN
17 January 20241 TRY = 0.4997 ERN
18 January 20241 TRY = 0.5000 ERN
19 January 20241 TRY = 0.4991 ERN
22 January 20241 TRY = 0.4992 ERN
23 January 20241 TRY = 0.4974 ERN
24 January 20241 TRY = 0.4977 ERN
25 January 20241 TRY = 0.4982 ERN
26 January 20241 TRY = 0.4974 ERN
28 January 20241 TRY = 0.4969 ERN
29 January 20241 TRY = 0.4963 ERN
30 January 20241 TRY = 0.4966 ERN
31 January 20241 TRY = 0.4957 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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