Historic Eritrean nakfa United States dollar

Eritrean nakfa united states dollar history for February 2024. The highest quote for this month is 0.066445 (04/02/2024) and the lowest 0.066445 (01/02/2024). The difference between high and low is 0.

ERN USD average rate for February 2024 is 0.0664, the change between 01/02/2024 and 29/02/2024 is -0.13 %.

01 February 20241 ERN = 0.0664 USD
02 February 20241 ERN = 0.0664 USD
03 February 20241 ERN = 0.0664 USD
04 February 20241 ERN = 0.0664 USD
05 February 20241 ERN = 0.0664 USD
06 February 20241 ERN = 0.0664 USD
07 February 20241 ERN = 0.0664 USD
08 February 20241 ERN = 0.0664 USD
09 February 20241 ERN = 0.0664 USD
12 February 20241 ERN = 0.0664 USD
13 February 20241 ERN = 0.0664 USD
14 February 20241 ERN = 0.0664 USD
15 February 20241 ERN = 0.0664 USD
16 February 20241 ERN = 0.0664 USD
17 February 20241 ERN = 0.0664 USD
18 February 20241 ERN = 0.0664 USD
19 February 20241 ERN = 0.0664 USD
20 February 20241 ERN = 0.0664 USD
21 February 20241 ERN = 0.0664 USD
22 February 20241 ERN = 0.0664 USD
23 February 20241 ERN = 0.0664 USD
24 February 20241 ERN = 0.0664 USD
25 February 20241 ERN = 0.0664 USD
26 February 20241 ERN = 0.0664 USD
27 February 20241 ERN = 0.0664 USD
28 February 20241 ERN = 0.0664 USD
29 February 20241 ERN = 0.0664 USD

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.

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.

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.
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