Ghana Cedi eritrean nakfa exchange rate history (GHS ERN) October 2023

Ghana Cedi eritrean nakfa history for October 2023. The highest quote for this month is 1.303 (01/10/2023) and the lowest 1.303 (01/10/2023). The difference between high and low is 0.

GHS ERN average rate for October 2023 is 1.28359, the change between 01/10/2023 and 31/10/2023 is +2.53 %.

01 October 2023	1 GHS = 1.303 ERN
03 October 2023	1 GHS = 1.303 ERN
04 October 2023	1 GHS = 1.300 ERN
06 October 2023	1 GHS = 1.292 ERN
07 October 2023	1 GHS = 1.292 ERN
09 October 2023	1 GHS = 1.289 ERN
10 October 2023	1 GHS = 1.283 ERN
11 October 2023	1 GHS = 1.281 ERN
13 October 2023	1 GHS = 1.284 ERN
16 October 2023	1 GHS = 1.284 ERN
17 October 2023	1 GHS = 1.282 ERN
18 October 2023	1 GHS = 1.283 ERN
19 October 2023	1 GHS = 1.283 ERN
20 October 2023	1 GHS = 1.281 ERN
21 October 2023	1 GHS = 1.281 ERN
22 October 2023	1 GHS = 1.281 ERN
23 October 2023	1 GHS = 1.285 ERN
24 October 2023	1 GHS = 1.278 ERN
25 October 2023	1 GHS = 1.275 ERN
26 October 2023	1 GHS = 1.276 ERN
27 October 2023	1 GHS = 1.276 ERN
29 October 2023	1 GHS = 1.272 ERN
30 October 2023	1 GHS = 1.272 ERN
31 October 2023	1 GHS = 1.270 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.

Historic Ghana Cedi Eritrean nakfa