Historic Philippine peso Eritrean nakfa

Philippine peso eritrean nakfa history for February 2024. The highest quote for this month is 0.26964 (24/02/2024) and the lowest 0.27714 (27/02/2024). The difference between high and low is -2.78.

PHP ERN average rate for February 2024 is 0.26909, the change between 01/02/2024 and 29/02/2024 is +0.34 %.

01 February 20241 PHP = 0.2687 ERN
02 February 20241 PHP = 0.2691 ERN
03 February 20241 PHP = 0.2692 ERN
04 February 20241 PHP = 0.2692 ERN
05 February 20241 PHP = 0.2683 ERN
06 February 20241 PHP = 0.2673 ERN
07 February 20241 PHP = 0.2685 ERN
08 February 20241 PHP = 0.2690 ERN
09 February 20241 PHP = 0.2693 ERN
12 February 20241 PHP = 0.2694 ERN
13 February 20241 PHP = 0.2696 ERN
14 February 20241 PHP = 0.2690 ERN
15 February 20241 PHP = 0.2686 ERN
16 February 20241 PHP = 0.2700 ERN
17 February 20241 PHP = 0.2694 ERN
18 February 20241 PHP = 0.2694 ERN
19 February 20241 PHP = 0.2693 ERN
20 February 20241 PHP = 0.2688 ERN
21 February 20241 PHP = 0.2698 ERN
22 February 20241 PHP = 0.2696 ERN
23 February 20241 PHP = 0.2703 ERN
24 February 20241 PHP = 0.2696 ERN
25 February 20241 PHP = 0.2696 ERN
26 February 20241 PHP = 0.2694 ERN
27 February 20241 PHP = 0.2690 ERN
28 February 20241 PHP = 0.2684 ERN
29 February 20241 PHP = 0.2677 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.

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.

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.

11/09/1970: Introduction of the New Peso

The New Central Bank Act is enacted, leading to the introduction of a new currency called the New Peso, with a conversion rate of 1 New Peso to 2 old pesos.

04/07/1949: Central Bank of the Philippines

The Central Bank of the Philippines is established with the task of issuing and managing the Philippine currency.

20/10/1944: Introduction of the Philippine Liberation Peso

The United States-issued Philippine Liberation Peso is introduced to replace the Japanese-issued currency, serving as a transitional currency.

02/01/1942: Japanese Occupation

During World War II, the Japanese forces occupy the Philippines and introduce the Japanese-issued Philippine peso, known as Mickey Mouse money.

24/12/1933: Introduction of the Commonwealth Peso

The Commonwealth Act No. 265 is passed, creating a new Philippine currency called the Commonwealth Peso to replace the previous Peso.

12/06/1898: Philippine Independence

The Philippines declares independence from Spanish rule, leading to the establishment of the First Philippine Republic and the issuance of new currency.

01/05/1852: Introduction of the Peso

The Spanish colonial government issues the first official currency of the Philippines, known as the Peso, with a conversion rate of 2 Spanish reales to 1 Peso.
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