Historic Eritrean nakfa Libyan dinar

Eritrean nakfa libyan dinar history for December 2023. The highest quote for this month is 0.32045 (10/12/2023) and the lowest 0.32045 (10/12/2023). The difference between high and low is 0.

ERN LYD average rate for December 2023 is 0.31788, the change between 01/12/2023 and 31/12/2023 is +0.71 %.

01 December 20231 ERN = 0.3168 LYD
02 December 20231 ERN = 0.3181 LYD
03 December 20231 ERN = 0.3181 LYD
04 December 20231 ERN = 0.3173 LYD
05 December 20231 ERN = 0.3178 LYD
06 December 20231 ERN = 0.3189 LYD
07 December 20231 ERN = 0.3192 LYD
08 December 20231 ERN = 0.3205 LYD
10 December 20231 ERN = 0.3205 LYD
11 December 20231 ERN = 0.3194 LYD
12 December 20231 ERN = 0.3185 LYD
13 December 20231 ERN = 0.3188 LYD
14 December 20231 ERN = 0.3196 LYD
15 December 20231 ERN = 0.3165 LYD
16 December 20231 ERN = 0.3178 LYD
17 December 20231 ERN = 0.3178 LYD
18 December 20231 ERN = 0.3189 LYD
19 December 20231 ERN = 0.3166 LYD
20 December 20231 ERN = 0.3169 LYD
21 December 20231 ERN = 0.3176 LYD
22 December 20231 ERN = 0.3169 LYD
23 December 20231 ERN = 0.3181 LYD
24 December 20231 ERN = 0.3177 LYD
26 December 20231 ERN = 0.3176 LYD
27 December 20231 ERN = 0.3159 LYD
28 December 20231 ERN = 0.3163 LYD
29 December 20231 ERN = 0.3145 LYD

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.

06/09/2018: Announcement of new dinar notes

The Central Bank of Libya announces the release of new dinar banknotes with enhanced security features to combat counterfeiting.

22/01/2015: Dollarization policy imposed

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

28/07/2014: Recognition of rival governments

The Libyan Supreme Court recognizes two rival governments, further fragmenting the country and impacting the value of the dinar.

17/02/2011: Start of the Libyan Civil War

The Libyan Civil War begins, leading to political instability and further devaluation of the Libyan dinar.

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.

07/04/1986: US imposes economic sanctions

The United States imposes economic sanctions on Libya, severely impacting the value and stability of the Libyan dinar.

02/03/1978: Establishment of the Central Bank of Libya

The Central Bank of Libya is established, becoming the sole authority responsible for issuing and managing the Libyan dinar.

08/09/1971: Introduction of the Libyan dinar

The Libyan pound is replaced by the Libyan dinar, at a rate of 1 dinar = 1 pound.

24/12/1951: Independence of Libya

Libya gains independence from Italy, introducing the Libyan pound as its currency.
ERN LYD July 2023
ERN LYD August 2023
ERN LYD September 2023
ERN LYD October 2023
ERN LYD November 2023
ERN LYD December 2023
ERN LYD January 2024
ERN LYD February 2024
ERN LYD March 2024
ERN LYD April 2024
ERN LYD May 2024
ERN LYD June 2024
ERN LYD July 2024