Eritrean nakfa moroccan dirham exchange rate history (ERN MAD) December 2023

Eritrean nakfa moroccan dirham history for December 2023. The highest quote for this month is 0.67618 (14/12/2023) and the lowest 0.67283 (10/12/2023). The difference between high and low is 0.5.

ERN MAD average rate for December 2023 is 0.66165, the change between 01/12/2023 and 31/12/2023 is -1.13 %.

01 December 2023	1 ERN = 0.6487 MAD
02 December 2023	1 ERN = 0.6699 MAD
03 December 2023	1 ERN = 0.6701 MAD
04 December 2023	1 ERN = 0.6487 MAD
05 December 2023	1 ERN = 0.6688 MAD
06 December 2023	1 ERN = 0.6708 MAD
07 December 2023	1 ERN = 0.6699 MAD
08 December 2023	1 ERN = 0.6718 MAD
10 December 2023	1 ERN = 0.6751 MAD
11 December 2023	1 ERN = 0.6524 MAD
12 December 2023	1 ERN = 0.6542 MAD
13 December 2023	1 ERN = 0.6531 MAD
14 December 2023	1 ERN = 0.6771 MAD
15 December 2023	1 ERN = 0.6689 MAD
16 December 2023	1 ERN = 0.6714 MAD
17 December 2023	1 ERN = 0.6714 MAD
18 December 2023	1 ERN = 0.6535 MAD
19 December 2023	1 ERN = 0.6503 MAD
20 December 2023	1 ERN = 0.6711 MAD
21 December 2023	1 ERN = 0.6671 MAD
22 December 2023	1 ERN = 0.6616 MAD
23 December 2023	1 ERN = 0.6588 MAD
24 December 2023	1 ERN = 0.6581 MAD
26 December 2023	1 ERN = 0.6376 MAD
27 December 2023	1 ERN = 0.6577 MAD
28 December 2023	1 ERN = 0.6508 MAD
29 December 2023	1 ERN = 0.6560 MAD

15/09/2021: Digitization of the Moroccan dirham

Morocco announced plans to digitize the dirham, introducing a central bank digital currency (CBDC) for financial transactions in the country.

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.

02/06/2014: Introduction of the fourth dirham

Another series of Moroccan dirham banknotes was issued, featuring new designs and enhanced security features.

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.

02/07/2005: Dirham's exchange rate floatation

Morocco moved to a floating exchange rate regime, allowing the dirham to fluctuate based on market forces.

01/05/1999: Introduction of the third dirham

A new series of Moroccan dirham banknotes was introduced with enhanced security features.

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.

12/12/1980: Introduction of the second dirham

A new series of Moroccan dirham banknotes was issued to replace the first series.

17/10/1974: Adoption of the dirham as the currency

The Moroccan franc was replaced by the Moroccan dirham (MAD) as the official currency.

26/11/1960: Introduction of the Moroccan franc (FRF)

The Moroccan franc was introduced as the official currency of Morocco.

Historic Eritrean nakfa Moroccan dirham