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

Eritrean nakfa moroccan dirham history for November 2023. The highest quote for this month is 0.67918 (12/11/2023) and the lowest 0.67691 (12/11/2023). The difference between high and low is 0.33.

ERN MAD average rate for November 2023 is 0.66899, the change between 01/11/2023 and 30/11/2023 is +2.34 %.

01 November 2023	1 ERN = 0.6831 MAD
06 November 2023	1 ERN = 0.6567 MAD
07 November 2023	1 ERN = 0.6772 MAD
08 November 2023	1 ERN = 0.6795 MAD
09 November 2023	1 ERN = 0.6759 MAD
10 November 2023	1 ERN = 0.6794 MAD
12 November 2023	1 ERN = 0.6785 MAD
13 November 2023	1 ERN = 0.6560 MAD
14 November 2023	1 ERN = 0.6789 MAD
15 November 2023	1 ERN = 0.6734 MAD
16 November 2023	1 ERN = 0.6737 MAD
17 November 2023	1 ERN = 0.6737 MAD
18 November 2023	1 ERN = 0.6739 MAD
19 November 2023	1 ERN = 0.6736 MAD
20 November 2023	1 ERN = 0.6491 MAD
21 November 2023	1 ERN = 0.6722 MAD
22 November 2023	1 ERN = 0.6731 MAD
23 November 2023	1 ERN = 0.6524 MAD
24 November 2023	1 ERN = 0.6516 MAD
26 November 2023	1 ERN = 0.6704 MAD
27 November 2023	1 ERN = 0.6495 MAD
28 November 2023	1 ERN = 0.6700 MAD
29 November 2023	1 ERN = 0.6671 MAD
30 November 2023	1 ERN = 0.6671 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