Historic Ghana Cedi Eritrean nakfa

Ghana Cedi eritrean nakfa history for February 2024. The highest quote for this month is 1.2202 (03/02/2024) and the lowest 1.2315 (02/02/2024). The difference between high and low is -0.93.

GHS ERN average rate for February 2024 is 1.21267, the change between 01/02/2024 and 29/02/2024 is +2.2 %.

01 February 20241 GHS = 1.225 ERN
02 February 20241 GHS = 1.219 ERN
03 February 20241 GHS = 1.220 ERN
04 February 20241 GHS = 1.220 ERN
05 February 20241 GHS = 1.209 ERN
06 February 20241 GHS = 1.217 ERN
07 February 20241 GHS = 1.220 ERN
08 February 20241 GHS = 1.219 ERN
09 February 20241 GHS = 1.217 ERN
12 February 20241 GHS = 1.216 ERN
13 February 20241 GHS = 1.215 ERN
14 February 20241 GHS = 1.214 ERN
15 February 20241 GHS = 1.214 ERN
16 February 20241 GHS = 1.214 ERN
17 February 20241 GHS = 1.215 ERN
18 February 20241 GHS = 1.215 ERN
19 February 20241 GHS = 1.211 ERN
20 February 20241 GHS = 1.207 ERN
21 February 20241 GHS = 1.213 ERN
22 February 20241 GHS = 1.204 ERN
23 February 20241 GHS = 1.220 ERN
24 February 20241 GHS = 1.206 ERN
25 February 20241 GHS = 1.206 ERN
26 February 20241 GHS = 1.203 ERN
27 February 20241 GHS = 1.206 ERN
28 February 20241 GHS = 1.199 ERN
29 February 20241 GHS = 1.198 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.

16/09/2019: Ghana Goes Cashless

The government launched the Ghana.Gov payment platform, aimed at promoting electronic payments and reducing cash 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.

05/07/2012: GHS Symbol Change

The Bank of Ghana introduced a new currency symbol for the cedi, changing it from GHȼ to GHS.

03/07/2007: Decimals Dropped

The Bank of Ghana dropped four decimal places, making 1 new Ghanaian cedi = 1 GHȼ.

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.

01/07/2002: Replacement of New Cedi

The new Ghanaian cedi, denoted as GHC, replaced the second cedi at a rate of 1 cedi = 10,000 cedis.

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.

17/07/1978: Second Cedi Introduced

Due to high inflation, the second Ghanaian cedi was introduced with a new currency code, GHS.

19/07/1965: Cedi Introduced

The Ghanaian pound was replaced by the Ghanaian cedi at a rate of 1 pound = 2.4 cedis, symbolizing economic independence.

06/03/1957: Ghana's Independence

Ghana gained independence from British colonial rule, leading to the introduction of the Ghanaian pound as its currency.
GHS ERN July 2023
GHS ERN August 2023
GHS ERN September 2023
GHS ERN October 2023
GHS ERN November 2023
GHS ERN December 2023
GHS ERN January 2024
GHS ERN February 2024
GHS ERN March 2024
GHS ERN April 2024
GHS ERN May 2024
GHS ERN June 2024
GHS ERN July 2024