Eritrean nakfa jamaican dollar exchange rate history (ERN JMD) December 2023

Eritrean nakfa jamaican dollar history for December 2023. The highest quote for this month is 10.285 (18/12/2023) and the lowest 10.26 (10/12/2023). The difference between high and low is 0.24.

ERN JMD average rate for December 2023 is 10.21793, the change between 01/12/2023 and 31/12/2023 is +0.27 %.

01 December 2023	1 ERN = 10.22 JMD
02 December 2023	1 ERN = 10.26 JMD
03 December 2023	1 ERN = 10.26 JMD
04 December 2023	1 ERN = 10.17 JMD
05 December 2023	1 ERN = 10.19 JMD
06 December 2023	1 ERN = 10.19 JMD
07 December 2023	1 ERN = 10.21 JMD
08 December 2023	1 ERN = 10.24 JMD
10 December 2023	1 ERN = 10.26 JMD
11 December 2023	1 ERN = 10.23 JMD
12 December 2023	1 ERN = 10.22 JMD
13 December 2023	1 ERN = 10.21 JMD
14 December 2023	1 ERN = 10.23 JMD
15 December 2023	1 ERN = 10.21 JMD
16 December 2023	1 ERN = 10.25 JMD
17 December 2023	1 ERN = 10.25 JMD
18 December 2023	1 ERN = 10.29 JMD
19 December 2023	1 ERN = 10.20 JMD
20 December 2023	1 ERN = 10.19 JMD
21 December 2023	1 ERN = 10.19 JMD
22 December 2023	1 ERN = 10.22 JMD
23 December 2023	1 ERN = 10.21 JMD
24 December 2023	1 ERN = 10.20 JMD
26 December 2023	1 ERN = 10.20 JMD
27 December 2023	1 ERN = 10.20 JMD
28 December 2023	1 ERN = 10.19 JMD
29 December 2023	1 ERN = 10.20 JMD

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.

16/03/2015: Bank of Jamaica Act

The Bank of Jamaica Act was passed, granting the central bank greater autonomy in executing monetary policy and promoting financial stability.

22/01/2015: Dollarization policy imposed

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

12/02/2013: Currency devaluation

To stabilize the economy, the Jamaican Dollar was devalued by approximately 16.5% against major currencies.

28/11/2010: IMF agreement

Jamaica reached an agreement with the International Monetary Fund (IMF) for a financial support program to address economic challenges.

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.

30/04/1994: Foreign exchange liberalization

Jamaica lifted restrictions on foreign exchange, allowing for more flexible trade and investment opportunities.

25/03/1991: JMD devaluation

Due to economic pressures, the Jamaican Dollar was devalued by 33.3%, leading to an increase in the exchange rate.

05/08/1971: Currency decimalization

Jamaica decimalized its currency, dividing the Jamaican Dollar into 100 cents instead of 20 shillings.

07/02/1969: Jamaican Dollar introduced

The Jamaican Dollar (JMD) was introduced as the official currency of Jamaica, replacing the Jamaican pound.

Historic Eritrean nakfa Jamaican Dollar