Historic Algerian dinar Eritrean nakfa

Algerian dinar eritrean nakfa history for February 2024. The highest quote for this month is 0.11238 (22/02/2024) and the lowest 0.11349 (15/02/2024). The difference between high and low is -0.99.

DZD ERN average rate for February 2024 is 0.11228, the change between 01/02/2024 and 29/02/2024 is -0.17 %.

01 February 20241 DZD = 0.1123 ERN
02 February 20241 DZD = 0.1120 ERN
03 February 20241 DZD = 0.1123 ERN
04 February 20241 DZD = 0.1123 ERN
05 February 20241 DZD = 0.1125 ERN
06 February 20241 DZD = 0.1119 ERN
07 February 20241 DZD = 0.1120 ERN
08 February 20241 DZD = 0.1122 ERN
09 February 20241 DZD = 0.1124 ERN
12 February 20241 DZD = 0.1125 ERN
13 February 20241 DZD = 0.1123 ERN
14 February 20241 DZD = 0.1122 ERN
15 February 20241 DZD = 0.1122 ERN
16 February 20241 DZD = 0.1122 ERN
17 February 20241 DZD = 0.1122 ERN
18 February 20241 DZD = 0.1122 ERN
19 February 20241 DZD = 0.1124 ERN
20 February 20241 DZD = 0.1122 ERN
21 February 20241 DZD = 0.1125 ERN
22 February 20241 DZD = 0.1124 ERN
23 February 20241 DZD = 0.1125 ERN
24 February 20241 DZD = 0.1123 ERN
25 February 20241 DZD = 0.1123 ERN
26 February 20241 DZD = 0.1123 ERN
27 February 20241 DZD = 0.1124 ERN
28 February 20241 DZD = 0.1122 ERN
29 February 20241 DZD = 0.1125 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.

20/12/2017: Devaluation of Algerian Dinar

The Algerian dinar was devalued again, as it faced economic challenges and low oil prices.

22/01/2015: Dollarization policy imposed

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

29/06/2014: 50th Anniversary of Algerian Dinar

Algeria celebrated the 50th anniversary of the introduction of the Algerian dinar as its national currency.

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.

21/12/1999: Introduction of Euro-Dinar Exchange Rate

The euro-dinar exchange rate was introduced, replacing the French franc as the peg currency for the Algerian dinar.

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.

17/09/1994: Introduction of New Dinar

A new series of banknotes was introduced in Algeria, with the intent of stabilizing the currency and reducing inflation.

10/11/1973: Devaluation of Algerian Dinar

The Algerian dinar was devalued by 30%, as a result of the global oil crisis and economic challenges faced by Algeria.

07/05/1971: Algerian Dinar Pegged to French Franc

The Algerian dinar was pegged to the French franc at a rate of 1 dinar to 1.20 francs, establishing a fixed exchange rate.

01/10/1964: Introduction of Algerian Dinar

The Algerian dinar was introduced as the official currency of Algeria, replacing the French franc at a rate of 1 dinar to 100 francs.
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DZD ERN February 2024
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