Historic Taiwan dollar Eritrean nakfa

Taiwan dollar eritrean nakfa history for February 2024. The highest quote for this month is 0.4804 (01/02/2024) and the lowest 0.48377 (01/02/2024). The difference between high and low is -0.7.

TWD ERN average rate for February 2024 is 0.47971, the change between 01/02/2024 and 29/02/2024 is +1.41 %.

01 February 20241 TWD = 0.4823 ERN
02 February 20241 TWD = 0.4819 ERN
03 February 20241 TWD = 0.4797 ERN
04 February 20241 TWD = 0.4797 ERN
05 February 20241 TWD = 0.4811 ERN
06 February 20241 TWD = 0.4802 ERN
07 February 20241 TWD = 0.4830 ERN
08 February 20241 TWD = 0.4798 ERN
09 February 20241 TWD = 0.4814 ERN
12 February 20241 TWD = 0.4798 ERN
13 February 20241 TWD = 0.4817 ERN
14 February 20241 TWD = 0.4789 ERN
15 February 20241 TWD = 0.4801 ERN
16 February 20241 TWD = 0.4820 ERN
17 February 20241 TWD = 0.4802 ERN
18 February 20241 TWD = 0.4810 ERN
19 February 20241 TWD = 0.4810 ERN
20 February 20241 TWD = 0.4793 ERN
21 February 20241 TWD = 0.4803 ERN
22 February 20241 TWD = 0.4789 ERN
23 February 20241 TWD = 0.4791 ERN
24 February 20241 TWD = 0.4771 ERN
25 February 20241 TWD = 0.4776 ERN
26 February 20241 TWD = 0.4762 ERN
27 February 20241 TWD = 0.4777 ERN
28 February 20241 TWD = 0.4766 ERN
29 February 20241 TWD = 0.4755 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.

01/01/2005: New Taiwan dollar banknotes issued

New designs for Taiwan dollar banknotes are issued, featuring innovative security features and updated aesthetics to combat counterfeiting and improve the currency's image.

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.

30/04/1991: Foreign Exchange Control Act revised

Taiwan relaxes its foreign exchange controls, allowing more flexibility in the trading of the Taiwan dollar and promoting financial globalization.

15/07/1987: Lifting of martial law

The martial law, which had been in place in Taiwan since 1949, is lifted, marking a significant milestone towards the democratization and liberalization of the country.

16/12/1971: Taiwan's expulsion from the UN

The United Nations General Assembly recognizes the People's Republic of China as the legitimate representative of China, leading to Taiwan's expulsion from the UN and international isolation.

03/03/1952: TWD pegged to the US Dollar

The Taiwan dollar is pegged to the US Dollar at a fixed exchange rate of 32 TWD to 1 USD, stabilizing its value and promoting economic growth.

10/12/1949: Chinese Civil War ends

The Chinese Communist Party establishes the People's Republic of China on the mainland, leading to the Nationalist government's retreat to Taiwan, taking the Taiwan dollar with them.

25/10/1945: Taiwan is restored to the Republic of China

After the end of World War II, Taiwan is returned to the Republic of China from Japan, and the Taiwan dollar becomes the official currency.
TWD ERN January 2024
TWD ERN February 2024
TWD ERN March 2024
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TWD ERN June 2024
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TWD ERN September 2024
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TWD ERN January 2025