Historic Trinidad & Tobago Dollar Eritrean nakfa

Trinidad & Tobago Dollar eritrean nakfa history for January 2024. The highest quote for this month is 2.2722 (07/01/2024) and the lowest 2.2772 (08/01/2024). The difference between high and low is -0.22.

TTD ERN average rate for January 2024 is 2.26371, the change between 01/01/2024 and 31/01/2024 is -0.25 %.

01 January 20241 TTD = 2.261 ERN
02 January 20241 TTD = 2.259 ERN
03 January 20241 TTD = 2.262 ERN
04 January 20241 TTD = 2.268 ERN
05 January 20241 TTD = 2.266 ERN
06 January 20241 TTD = 2.272 ERN
07 January 20241 TTD = 2.272 ERN
08 January 20241 TTD = 2.277 ERN
09 January 20241 TTD = 2.267 ERN
10 January 20241 TTD = 2.264 ERN
11 January 20241 TTD = 2.267 ERN
12 January 20241 TTD = 2.262 ERN
14 January 20241 TTD = 2.231 ERN
15 January 20241 TTD = 2.269 ERN
16 January 20241 TTD = 2.267 ERN
17 January 20241 TTD = 2.262 ERN
18 January 20241 TTD = 2.268 ERN
19 January 20241 TTD = 2.262 ERN
22 January 20241 TTD = 2.264 ERN
23 January 20241 TTD = 2.260 ERN
24 January 20241 TTD = 2.266 ERN
25 January 20241 TTD = 2.263 ERN
26 January 20241 TTD = 2.262 ERN
28 January 20241 TTD = 2.244 ERN
29 January 20241 TTD = 2.261 ERN
30 January 20241 TTD = 2.275 ERN
31 January 20241 TTD = 2.267 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.

26/03/2020: COVID-19 Pandemic

The COVID-19 pandemic caused economic disruptions, leading to a decline in tourism and affecting the exchange rate of the TTD.

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.

19/09/2008: Global Financial Crisis

The global financial crisis had a significant impact on the value of the Trinidad & Tobago Dollar and the country's economy.

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.

17/05/1993: Introduction of Polymer Banknotes

Trinidad & Tobago introduced polymer banknotes to replace the traditional paper currency, enhancing security and durability.

27/07/1990: Attempted Coup d'État

An attempted coup d'état took place in Trinidad & Tobago, causing economic instability and impacting the value of the TTD.

31/12/1983: Floatation of the Trinidad & Tobago Dollar

Trinidad & Tobago abandoned the fixed exchange rate system, allowing the TTD to float freely against other currencies.

07/06/1976: Central Bank of Trinidad and Tobago Established

The Central Bank of Trinidad and Tobago was established, becoming the country's central monetary authority.

01/01/1964: Introduction of the Trinidad & Tobago Dollar

The Trinidad & Tobago Dollar was introduced as the official currency, replacing the British West Indies Dollar.
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TTD ERN January 2025