Guyanese dollar eritrean nakfa exchange rate history (GYD ERN) December 2023

Guyanese dollar eritrean nakfa history for December 2023. The highest quote for this month is 0.075324 (19/12/2023) and the lowest 0.076059 (14/12/2023). The difference between high and low is -0.98.

GYD ERN average rate for December 2023 is 0.07444, the change between 01/12/2023 and 31/12/2023 is +0.45 %.

01 December 2023	1 GYD = 0.0752 ERN
02 December 2023	1 GYD = 0.0723 ERN
03 December 2023	1 GYD = 0.0723 ERN
04 December 2023	1 GYD = 0.0752 ERN
05 December 2023	1 GYD = 0.0752 ERN
06 December 2023	1 GYD = 0.0753 ERN
07 December 2023	1 GYD = 0.0753 ERN
08 December 2023	1 GYD = 0.0752 ERN
10 December 2023	1 GYD = 0.0723 ERN
11 December 2023	1 GYD = 0.0752 ERN
12 December 2023	1 GYD = 0.0752 ERN
13 December 2023	1 GYD = 0.0753 ERN
14 December 2023	1 GYD = 0.0753 ERN
15 December 2023	1 GYD = 0.0753 ERN
16 December 2023	1 GYD = 0.0725 ERN
17 December 2023	1 GYD = 0.0725 ERN
18 December 2023	1 GYD = 0.0747 ERN
19 December 2023	1 GYD = 0.0753 ERN
20 December 2023	1 GYD = 0.0752 ERN
21 December 2023	1 GYD = 0.0752 ERN
22 December 2023	1 GYD = 0.0752 ERN
23 December 2023	1 GYD = 0.0723 ERN
24 December 2023	1 GYD = 0.0724 ERN
26 December 2023	1 GYD = 0.0751 ERN
27 December 2023	1 GYD = 0.0752 ERN
28 December 2023	1 GYD = 0.0751 ERN
29 December 2023	1 GYD = 0.0749 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.

01/01/2020: Transition to Polymer Banknotes

Polymer banknotes were introduced in Guyana, enhancing the durability and security features of the Guyanese dollar.

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.

03/02/2003: Redenomination of the Currency

The Guyanese dollar underwent a redenomination, with old banknotes replaced by new notes at a rate of 1,000 old dollars to 1 new dollar.

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.

05/10/1992: Resumption of Banking System

The resumption of the banking system in Guyana significantly improved the stability and accessibility of the Guyanese dollar.

26/05/1966: Independence of Guyana

Following Guyana's independence from Britain, the currency was renamed from British Guiana dollar to Guyanese dollar.

12/09/1951: Currency Board Established

A Currency Board was established to manage the British Guiana dollar, ensuring its stability and convertibility.

06/08/1917: Currency Act of 1917

The British Guiana dollar was revalued at a rate of 4.80 dollars to 1 U.S. dollar, following the Currency Act of 1917.

18/01/1839: Introduction of the British Guiana dollar

British Guiana dollar introduced as the official currency of British Guiana, replacing the Spanish and Portuguese coins previously in circulation.

Historic Guyanese dollar Eritrean nakfa