Historic Icelandic Krona Eritrean nakfa

Icelandic Krona eritrean nakfa history for February 2024. The highest quote for this month is 0.10981 (02/02/2024) and the lowest 0.11098 (02/02/2024). The difference between high and low is -1.07.

ISK ERN average rate for February 2024 is 0.10957, the change between 01/02/2024 and 29/02/2024 is +0.48 %.

01 February 20241 ISK = 0.1100 ERN
02 February 20241 ISK = 0.1107 ERN
05 February 20241 ISK = 0.1099 ERN
06 February 20241 ISK = 0.1094 ERN
07 February 20241 ISK = 0.1097 ERN
08 February 20241 ISK = 0.1096 ERN
09 February 20241 ISK = 0.1095 ERN
12 February 20241 ISK = 0.1097 ERN
13 February 20241 ISK = 0.1097 ERN
14 February 20241 ISK = 0.1088 ERN
15 February 20241 ISK = 0.1089 ERN
16 February 20241 ISK = 0.1093 ERN
19 February 20241 ISK = 0.1094 ERN
20 February 20241 ISK = 0.1093 ERN
21 February 20241 ISK = 0.1099 ERN
22 February 20241 ISK = 0.1096 ERN
23 February 20241 ISK = 0.1099 ERN
26 February 20241 ISK = 0.1095 ERN
27 February 20241 ISK = 0.1095 ERN
28 February 20241 ISK = 0.1095 ERN
29 February 20241 ISK = 0.1095 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.

25/02/2019: Introduction of new nakfa banknotes

Eritrea introduced new banknotes in denominations of 5, 10, 20, 50, and 100 nakfa.

15/11/2018: New Currency Notes Introduced

Iceland released updated banknotes and coins featuring improved security measures and new designs, modernizing the Krona's physical appearance.

30/10/2018: Currency devaluation

Eritrea devalued the nakfa by 14%, reducing its official exchange rate to 1 USD = 15 ERN.

15/03/2015: Capital Controls Lifted

Iceland lifted its capital controls, implemented after the financial crisis, allowing for more flexible foreign exchange transactions.

22/01/2015: Dollarization policy imposed

Eritrea imposed a dollarization policy, making the US dollar the predominant currency for most transactions.

14/11/2010: IMF Loan Approved

Iceland secured a $2.1 billion loan from the International Monetary Fund, stabilizing the Krona and aiding economic recovery.

06/10/2008: Financial Crisis Begins

The collapse of Icelandic banks and subsequent financial crisis severely devalued the Krona, leading to economic turmoil.

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.

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.

05/03/1981: Stock Exchange Established

The Icelandic Stock Exchange was founded, promoting economic growth and affecting the Krona's value.

10/05/1940: Occupation of Iceland

Following the German occupation of Denmark, Iceland became occupied by British forces, impacting the currency's stability.

01/01/1922: Currency Board Established

The Icelandic Krona was introduced under the Danish Krone pegged to 1 Krone = 100 aurar.
ISK ERN December 2023
ISK ERN January 2024
ISK ERN February 2024
ISK ERN March 2024
ISK ERN April 2024
ISK ERN May 2024
ISK ERN June 2024
ISK ERN July 2024
ISK ERN August 2024
ISK ERN September 2024
ISK ERN October 2024
ISK ERN November 2024
ISK ERN December 2024