Historic Guyanese dollar Eritrean nakfa

Guyanese dollar eritrean nakfa history for February 2024. The highest quote for this month is 0.075388 (12/02/2024) and the lowest 0.07564 (02/02/2024). The difference between high and low is -0.33.

GYD ERN average rate for February 2024 is 0.07464, the change between 01/02/2024 and 29/02/2024 is +0.09 %.

01 February 20241 GYD = 0.0755 ERN
02 February 20241 GYD = 0.0752 ERN
03 February 20241 GYD = 0.0724 ERN
04 February 20241 GYD = 0.0724 ERN
05 February 20241 GYD = 0.0747 ERN
06 February 20241 GYD = 0.0752 ERN
07 February 20241 GYD = 0.0753 ERN
08 February 20241 GYD = 0.0752 ERN
09 February 20241 GYD = 0.0753 ERN
12 February 20241 GYD = 0.0753 ERN
13 February 20241 GYD = 0.0754 ERN
14 February 20241 GYD = 0.0754 ERN
15 February 20241 GYD = 0.0752 ERN
16 February 20241 GYD = 0.0754 ERN
17 February 20241 GYD = 0.0724 ERN
18 February 20241 GYD = 0.0724 ERN
19 February 20241 GYD = 0.0754 ERN
20 February 20241 GYD = 0.0752 ERN
21 February 20241 GYD = 0.0754 ERN
22 February 20241 GYD = 0.0752 ERN
23 February 20241 GYD = 0.0753 ERN
24 February 20241 GYD = 0.0725 ERN
25 February 20241 GYD = 0.0725 ERN
26 February 20241 GYD = 0.0753 ERN
27 February 20241 GYD = 0.0754 ERN
28 February 20241 GYD = 0.0753 ERN
29 February 20241 GYD = 0.0754 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.
GYD ERN August 2023
GYD ERN September 2023
GYD ERN October 2023
GYD ERN November 2023
GYD ERN December 2023
GYD ERN January 2024
GYD ERN February 2024
GYD ERN March 2024
GYD ERN April 2024
GYD ERN May 2024
GYD ERN June 2024
GYD ERN July 2024
GYD ERN August 2024