Historic Fijian Dollar Eritrean nakfa

Fijian Dollar eritrean nakfa history for February 2024. The highest quote for this month is 6.753 (19/02/2024) and the lowest 6.7829 (02/02/2024). The difference between high and low is -0.44.

FJD ERN average rate for February 2024 is 6.72535, the change between 01/02/2024 and 29/02/2024 is +1.64 %.

01 February 20241 FJD = 6.77 ERN
02 February 20241 FJD = 6.77 ERN
05 February 20241 FJD = 6.74 ERN
06 February 20241 FJD = 6.71 ERN
07 February 20241 FJD = 6.75 ERN
08 February 20241 FJD = 6.74 ERN
09 February 20241 FJD = 6.74 ERN
12 February 20241 FJD = 6.75 ERN
13 February 20241 FJD = 6.75 ERN
14 February 20241 FJD = 6.71 ERN
15 February 20241 FJD = 6.72 ERN
16 February 20241 FJD = 6.75 ERN
19 February 20241 FJD = 6.75 ERN
20 February 20241 FJD = 6.68 ERN
21 February 20241 FJD = 6.70 ERN
22 February 20241 FJD = 6.69 ERN
23 February 20241 FJD = 6.70 ERN
26 February 20241 FJD = 6.77 ERN
27 February 20241 FJD = 6.70 ERN
28 February 20241 FJD = 6.69 ERN
29 February 20241 FJD = 6.66 ERN

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.

10/10/2013: Plastic Banknotes Introduced

Polymer banknotes made of plastic were introduced to improve the durability and security of Fijian currency.

28/04/2009: Floating Exchange Rate

Fiji adopted a floating exchange rate regime, allowing the value of the Fijian Dollar to be determined by market forces.

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.

14/01/1985: Currency Devaluation

Fijian Dollar was devalued by 20% to combat economic instability caused by a trade deficit.

15/01/1971: Fixed Exchange Rate

Fijian Dollar was pegged to the Australian Dollar at a fixed exchange rate of 1:1.

12/12/1969: Decimalization of Currency

Fiji switched from the pound system to decimal currency, introducing the Fijian Dollar divided into 100 cents.

01/01/1875: Introduction of Fijian Currency

Fijian Coins and Banknotes were introduced as legal tender, replacing Spanish Dollars.

10/10/1873: Devaluation of Spanish Dollars

The Spanish Dollars were devalued by 20% in the British Colony of Fiji, leading to a change in currency.