Historic Eritrean nakfa Algerian dinar

Eritrean nakfa algerian dinar history for November 2023. The highest quote for this month is 9.023 (01/11/2023) and the lowest 8.9951 (01/11/2023). The difference between high and low is 0.31.

ERN DZD average rate for November 2023 is 8.90133, the change between 01/11/2023 and 30/11/2023 is +1.18 %.

01 November 20231 ERN = 9.00 DZD
06 November 20231 ERN = 8.97 DZD
07 November 20231 ERN = 8.92 DZD
08 November 20231 ERN = 8.91 DZD
09 November 20231 ERN = 8.93 DZD
10 November 20231 ERN = 8.94 DZD
12 November 20231 ERN = 8.93 DZD
13 November 20231 ERN = 8.90 DZD
14 November 20231 ERN = 8.91 DZD
15 November 20231 ERN = 8.86 DZD
16 November 20231 ERN = 8.89 DZD
17 November 20231 ERN = 8.89 DZD
18 November 20231 ERN = 8.90 DZD
19 November 20231 ERN = 8.90 DZD
20 November 20231 ERN = 8.88 DZD
21 November 20231 ERN = 8.86 DZD
22 November 20231 ERN = 8.88 DZD
23 November 20231 ERN = 8.89 DZD
24 November 20231 ERN = 8.89 DZD
26 November 20231 ERN = 8.88 DZD
27 November 20231 ERN = 8.89 DZD
28 November 20231 ERN = 8.87 DZD
29 November 20231 ERN = 8.89 DZD
30 November 20231 ERN = 8.89 DZD

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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