Historic Eritrean nakfa Maldivian rufiyaa

Eritrean nakfa maldivian rufiyaa history for November 2023. The highest quote for this month is 1.0246 (12/11/2023) and the lowest 1.0246 (12/11/2023). The difference between high and low is 0.

ERN MVR average rate for November 2023 is 1.01444, the change between 01/11/2023 and 30/11/2023 is -0.13 %.

01 November 20231 ERN = 1.012 MVR
06 November 20231 ERN = 1.016 MVR
07 November 20231 ERN = 1.007 MVR
08 November 20231 ERN = 1.009 MVR
09 November 20231 ERN = 1.002 MVR
10 November 20231 ERN = 1.005 MVR
12 November 20231 ERN = 1.025 MVR
13 November 20231 ERN = 1.003 MVR
14 November 20231 ERN = 1.003 MVR
15 November 20231 ERN = 1.006 MVR
16 November 20231 ERN = 1.005 MVR
17 November 20231 ERN = 1.023 MVR
18 November 20231 ERN = 1.023 MVR
19 November 20231 ERN = 1.023 MVR
20 November 20231 ERN = 1.023 MVR
21 November 20231 ERN = 1.025 MVR
22 November 20231 ERN = 1.027 MVR
23 November 20231 ERN = 1.027 MVR
24 November 20231 ERN = 1.012 MVR
26 November 20231 ERN = 1.025 MVR
27 November 20231 ERN = 1.010 MVR
28 November 20231 ERN = 1.010 MVR
29 November 20231 ERN = 1.013 MVR
30 November 20231 ERN = 1.013 MVR

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.

15/01/2019: Introduction of New Banknotes

New series of banknotes with enhanced security features and improved designs were introduced by the Maldives Monetary Authority.

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.

01/09/2014: Introduction of Polymer Banknotes

Polymer banknotes were introduced in the Maldives, replacing the traditional paper banknotes, enhancing their durability and security features.

01/07/2011: Redenomination of the Rufiyaa

The Maldivian Rufiyaa underwent redenomination, with new banknotes and coins introduced to simplify transactions and reduce the number of zeros.

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.

01/01/2002: Decimalization of the Rufiyaa

The Maldivian Rufiyaa was decimalized, with 100 laari equaling 1 Rufiyaa, replacing the previous system of 1 Rufiyaa equalling 100 lari.

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.

01/09/1983: Introduction of the Maldivian Rufiyaa

The Maldivian Rufiyaa was introduced as the new currency, replacing the Maldivian Rupee at a 1:1 exchange rate.

01/09/1981: Establishment of the Maldives Monetary Authority

The Maldives Monetary Authority (MMA) was established as the central bank of the Maldives, responsible for issuing and managing the currency.

22/10/1947: Introduction of the Maldivian Rupee

The Maldivian Indian Rupee was adopted as the official currency of the Maldives, replacing the Ceylonese Rupee.
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