Historic Eritrean nakfa Moroccan dirham

Eritrean nakfa moroccan dirham history for February 2024. The highest quote for this month is 0.66888 (21/02/2024) and the lowest 0.66766 (17/02/2024). The difference between high and low is 0.18.

ERN MAD average rate for February 2024 is 0.6621, the change between 01/02/2024 and 29/02/2024 is +1.81 %.

01 February 20241 ERN = 0.6634 MAD
02 February 20241 ERN = 0.6647 MAD
03 February 20241 ERN = 0.6668 MAD
04 February 20241 ERN = 0.6668 MAD
05 February 20241 ERN = 0.6478 MAD
06 February 20241 ERN = 0.6483 MAD
07 February 20241 ERN = 0.6682 MAD
08 February 20241 ERN = 0.6684 MAD
09 February 20241 ERN = 0.6664 MAD
12 February 20241 ERN = 0.6447 MAD
13 February 20241 ERN = 0.6659 MAD
14 February 20241 ERN = 0.6680 MAD
15 February 20241 ERN = 0.6691 MAD
16 February 20241 ERN = 0.6672 MAD
17 February 20241 ERN = 0.6677 MAD
18 February 20241 ERN = 0.6677 MAD
19 February 20241 ERN = 0.6468 MAD
20 February 20241 ERN = 0.6490 MAD
21 February 20241 ERN = 0.6689 MAD
22 February 20241 ERN = 0.6695 MAD
23 February 20241 ERN = 0.6672 MAD
24 February 20241 ERN = 0.6671 MAD
25 February 20241 ERN = 0.6671 MAD
26 February 20241 ERN = 0.6456 MAD
27 February 20241 ERN = 0.6648 MAD
28 February 20241 ERN = 0.6684 MAD
29 February 20241 ERN = 0.6514 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.
ERN MAD July 2023
ERN MAD August 2023
ERN MAD September 2023
ERN MAD October 2023
ERN MAD November 2023
ERN MAD December 2023
ERN MAD January 2024
ERN MAD February 2024
ERN MAD March 2024
ERN MAD April 2024
ERN MAD May 2024
ERN MAD June 2024
ERN MAD July 2024