Historic Eritrean nakfa Rwandan franc

Eritrean nakfa rwandan franc history for January 2024. The highest quote for this month is 84.513 (24/01/2024) and the lowest 83.725 (15/01/2024). The difference between high and low is 0.93.

ERN RWF average rate for January 2024 is 83.4023, the change between 01/01/2024 and 31/01/2024 is -1.11 %.

01 January 20241 ERN = 82.80 RWF
02 January 20241 ERN = 82.88 RWF
03 January 20241 ERN = 83.78 RWF
04 January 20241 ERN = 83.01 RWF
05 January 20241 ERN = 82.95 RWF
06 January 20241 ERN = 83.32 RWF
07 January 20241 ERN = 83.32 RWF
08 January 20241 ERN = 82.81 RWF
09 January 20241 ERN = 82.95 RWF
10 January 20241 ERN = 83.08 RWF
11 January 20241 ERN = 82.95 RWF
12 January 20241 ERN = 83.15 RWF
14 January 20241 ERN = 83.58 RWF
15 January 20241 ERN = 84.21 RWF
16 January 20241 ERN = 83.61 RWF
17 January 20241 ERN = 83.34 RWF
18 January 20241 ERN = 83.48 RWF
19 January 20241 ERN = 83.59 RWF
22 January 20241 ERN = 84.36 RWF
23 January 20241 ERN = 83.65 RWF
24 January 20241 ERN = 83.41 RWF
25 January 20241 ERN = 83.61 RWF
26 January 20241 ERN = 83.48 RWF
28 January 20241 ERN = 83.71 RWF
29 January 20241 ERN = 83.54 RWF
30 January 20241 ERN = 83.61 RWF
31 January 20241 ERN = 83.72 RWF

24/06/2020: Rwandan Franc Devaluation

The central bank of Rwanda announced a gradual devaluation of the Rwandan franc to enhance export competitiveness and stimulate economic growth.

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.

03/12/2008: New Currency Series

A new series of Rwandan franc banknotes was introduced, featuring updated security features and designs.

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.

01/01/2004: East African Community

Rwanda joined the East African Community, leading to increased economic integration and cooperation within the region.

03/12/1998: Currency Redenomination

The Rwandan franc underwent a redenomination, with 100 old francs being replaced by 1 new franc.

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.

07/04/1995: Rwandan Genocide

The Rwandan Genocide began, causing economic instability and inflation for the Rwandan franc.

01/12/1973: Currency Reform

A currency reform was implemented, introducing a new series of Rwandan franc banknotes.

25/06/1964: Introduction of the Rwandan Franc

The Rwandan franc was introduced as the official currency of Rwanda, replacing the East African shilling.
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