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

Guyanese dollar eritrean nakfa history for November 2023. The highest quote for this month is 0.075406 (09/11/2023) and the lowest 0.075894 (06/11/2023). The difference between high and low is -0.65.

GYD ERN average rate for November 2023 is 0.0748, the change between 01/11/2023 and 30/11/2023 is +0.14 %.

01 November 2023	1 GYD = 0.0753 ERN
06 November 2023	1 GYD = 0.0759 ERN
07 November 2023	1 GYD = 0.0754 ERN
08 November 2023	1 GYD = 0.0754 ERN
09 November 2023	1 GYD = 0.0753 ERN
10 November 2023	1 GYD = 0.0753 ERN
12 November 2023	1 GYD = 0.0723 ERN
13 November 2023	1 GYD = 0.0757 ERN
14 November 2023	1 GYD = 0.0746 ERN
15 November 2023	1 GYD = 0.0747 ERN
16 November 2023	1 GYD = 0.0753 ERN
17 November 2023	1 GYD = 0.0752 ERN
18 November 2023	1 GYD = 0.0724 ERN
19 November 2023	1 GYD = 0.0724 ERN
20 November 2023	1 GYD = 0.0757 ERN
21 November 2023	1 GYD = 0.0753 ERN
22 November 2023	1 GYD = 0.0753 ERN
23 November 2023	1 GYD = 0.0753 ERN
24 November 2023	1 GYD = 0.0753 ERN
26 November 2023	1 GYD = 0.0723 ERN
27 November 2023	1 GYD = 0.0755 ERN
28 November 2023	1 GYD = 0.0751 ERN
29 November 2023	1 GYD = 0.0753 ERN
30 November 2023	1 GYD = 0.0752 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