Libyan dinar eritrean nakfa exchange rate history (LYD ERN) October 2023

Libyan dinar eritrean nakfa history for October 2023. The highest quote for this month is 3.1008 (16/10/2023) and the lowest 3.1141 (24/10/2023). The difference between high and low is -0.43.

LYD ERN average rate for October 2023 is 3.09264, the change between 01/10/2023 and 31/10/2023 is -0.14 %.

01 October 2023	1 LYD = 3.086 ERN
03 October 2023	1 LYD = 3.095 ERN
04 October 2023	1 LYD = 3.082 ERN
06 October 2023	1 LYD = 3.092 ERN
07 October 2023	1 LYD = 3.080 ERN
09 October 2023	1 LYD = 3.105 ERN
10 October 2023	1 LYD = 3.095 ERN
11 October 2023	1 LYD = 3.097 ERN
13 October 2023	1 LYD = 3.097 ERN
16 October 2023	1 LYD = 3.108 ERN
17 October 2023	1 LYD = 3.084 ERN
18 October 2023	1 LYD = 3.090 ERN
19 October 2023	1 LYD = 3.097 ERN
20 October 2023	1 LYD = 3.090 ERN
21 October 2023	1 LYD = 3.080 ERN
22 October 2023	1 LYD = 3.080 ERN
23 October 2023	1 LYD = 3.100 ERN
24 October 2023	1 LYD = 3.088 ERN
25 October 2023	1 LYD = 3.103 ERN
26 October 2023	1 LYD = 3.101 ERN
27 October 2023	1 LYD = 3.101 ERN
29 October 2023	1 LYD = 3.083 ERN
30 October 2023	1 LYD = 3.101 ERN
31 October 2023	1 LYD = 3.090 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.

30/10/2018: Currency devaluation

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

06/09/2018: Announcement of new dinar notes

The Central Bank of Libya announces the release of new dinar banknotes with enhanced security features to combat counterfeiting.

22/01/2015: Dollarization policy imposed

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

28/07/2014: Recognition of rival governments

The Libyan Supreme Court recognizes two rival governments, further fragmenting the country and impacting the value of the dinar.

17/02/2011: Start of the Libyan Civil War

The Libyan Civil War begins, leading to political instability and further devaluation of the Libyan dinar.

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.

07/04/1986: US imposes economic sanctions

The United States imposes economic sanctions on Libya, severely impacting the value and stability of the Libyan dinar.

02/03/1978: Establishment of the Central Bank of Libya

The Central Bank of Libya is established, becoming the sole authority responsible for issuing and managing the Libyan dinar.

08/09/1971: Introduction of the Libyan dinar

The Libyan pound is replaced by the Libyan dinar, at a rate of 1 dinar = 1 pound.

24/12/1951: Independence of Libya

Libya gains independence from Italy, introducing the Libyan pound as its currency.

Historic Libyan dinar Eritrean nakfa