Historic Burundian Franc Eritrean nakfa

Burundian Franc eritrean nakfa history for January 2024. The highest quote for this month is 0.005338 (09/01/2024) and the lowest 0.005346 (08/01/2024). The difference between high and low is -0.15.

BIF ERN average rate for January 2024 is 0.00532, the change between 01/01/2024 and 31/01/2024 is +0.43 %.

01 January 20241 BIF = 0.0053 ERN
02 January 20241 BIF = 0.0053 ERN
03 January 20241 BIF = 0.0053 ERN
04 January 20241 BIF = 0.0053 ERN
05 January 20241 BIF = 0.0053 ERN
06 January 20241 BIF = 0.0053 ERN
07 January 20241 BIF = 0.0053 ERN
08 January 20241 BIF = 0.0053 ERN
09 January 20241 BIF = 0.0053 ERN
10 January 20241 BIF = 0.0053 ERN
11 January 20241 BIF = 0.0053 ERN
12 January 20241 BIF = 0.0053 ERN
14 January 20241 BIF = 0.0053 ERN
15 January 20241 BIF = 0.0053 ERN
16 January 20241 BIF = 0.0053 ERN
17 January 20241 BIF = 0.0053 ERN
18 January 20241 BIF = 0.0053 ERN
19 January 20241 BIF = 0.0053 ERN
22 January 20241 BIF = 0.0053 ERN
23 January 20241 BIF = 0.0053 ERN
24 January 20241 BIF = 0.0053 ERN
25 January 20241 BIF = 0.0053 ERN
26 January 20241 BIF = 0.0053 ERN
28 January 20241 BIF = 0.0053 ERN
29 January 20241 BIF = 0.0053 ERN
30 January 20241 BIF = 0.0053 ERN
31 January 20241 BIF = 0.0053 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.

29/06/2018: East African Community Currency Integration

Burundi joins the East African Community (EAC) currency integration, paving the way for a future unified currency within the region.

22/01/2015: Dollarization policy imposed

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

17/10/2011: Introduction of New Banknotes

New banknotes with enhanced security features and updated designs are introduced in denominations of 500, 1000, 2000, 5000, and 10,000 Francs.

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.

30/06/2003: Second Currency Revaluation

The Burundian Franc undergoes another significant devaluation as part of the second currency revaluation program.

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.

30/04/1995: Printing of Banknotes

The first locally printed banknotes, issued in denominations of 10, 20, 50, 100, 500, 1000, and 5000 Francs, are circulated.

20/10/1990: Introduction of New Coins

New coins are introduced in denominations of 1, 5, 10, 50, and 100 Francs.

22/09/1985: First Currency Revaluation

The Burundian Franc is significantly devalued as part of a currency revaluation program.

30/06/1960: Independence from Belgium

Burundi gains independence from Belgium, establishing the Burundian Franc as its official currency.
BIF ERN December 2023
BIF ERN January 2024
BIF ERN February 2024
BIF ERN March 2024
BIF ERN April 2024
BIF ERN May 2024
BIF ERN June 2024
BIF ERN July 2024
BIF ERN August 2024
BIF ERN September 2024
BIF ERN October 2024
BIF ERN November 2024
BIF ERN December 2024