Historic Eritrean nakfa Israeli Sheqel

Eritrean nakfa israeli sheqel history for August 2023. The highest quote for this month is 0.25188 (20/08/2023) and the lowest 0.25207 (21/08/2023). The difference between high and low is -0.08.

ERN ILS average rate for August 2023 is 0.24671, the change between 01/08/2023 and 31/08/2023 is -3.55 %.

01 August 20231 ERN = 0.2434 ILS
03 August 20231 ERN = 0.2436 ILS
04 August 20231 ERN = 0.2446 ILS
07 August 20231 ERN = 0.2426 ILS
08 August 20231 ERN = 0.2449 ILS
10 August 20231 ERN = 0.2450 ILS
12 August 20231 ERN = 0.2476 ILS
14 August 20231 ERN = 0.2476 ILS
15 August 20231 ERN = 0.2484 ILS
17 August 20231 ERN = 0.2492 ILS
20 August 20231 ERN = 0.2516 ILS
21 August 20231 ERN = 0.2521 ILS

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.

29/12/2014: 1 US Dollar = 3.891 Israeli Sheqel

The Israeli Sheqel (ILS) reaches a historical low against the US Dollar in the foreign exchange market.

04/05/2008: Introduction of New Banknotes

New Israeli Sheqel (ILS) banknotes with enhanced security features were issued.

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.

01/09/1999: Introduction of Sheqel Coins

Israeli Sheqel (ILS) coins were introduced, replacing the agora as the subunit of the currency.

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.

24/02/1985: Hyperinflation Crisis

Israel experiences hyperinflation, leading to the introduction of the new Israeli Sheqel (ILS).

16/03/1960: Introduction of the New Sheqel

The old Israeli pound (ILP) was replaced by the new Israeli Sheqel (ILS) as the official currency.

24/02/1949: Introduction of the Israel Pound

The Israeli pound (ILP) was introduced as legal tender in Israel.

24/09/1948: Israeli Declaration of Independence

The Israeli pound (ILP) was introduced as the official currency of Israel.