Moroccan dirham eritrean nakfa exchange rate history (MAD ERN) December 2023

Moroccan dirham eritrean nakfa history for December 2023. The highest quote for this month is 1.5711 (29/12/2023) and the lowest 1.5882 (28/12/2023). The difference between high and low is -1.09.

MAD ERN average rate for December 2023 is 1.51172, the change between 01/12/2023 and 31/12/2023 is +1.12 %.

01 December 2023	1 MAD = 1.542 ERN
02 December 2023	1 MAD = 1.493 ERN
03 December 2023	1 MAD = 1.492 ERN
04 December 2023	1 MAD = 1.542 ERN
05 December 2023	1 MAD = 1.495 ERN
06 December 2023	1 MAD = 1.491 ERN
07 December 2023	1 MAD = 1.493 ERN
08 December 2023	1 MAD = 1.489 ERN
10 December 2023	1 MAD = 1.481 ERN
11 December 2023	1 MAD = 1.533 ERN
12 December 2023	1 MAD = 1.529 ERN
13 December 2023	1 MAD = 1.531 ERN
14 December 2023	1 MAD = 1.477 ERN
15 December 2023	1 MAD = 1.495 ERN
16 December 2023	1 MAD = 1.490 ERN
17 December 2023	1 MAD = 1.490 ERN
18 December 2023	1 MAD = 1.530 ERN
19 December 2023	1 MAD = 1.538 ERN
20 December 2023	1 MAD = 1.490 ERN
21 December 2023	1 MAD = 1.499 ERN
22 December 2023	1 MAD = 1.512 ERN
23 December 2023	1 MAD = 1.518 ERN
24 December 2023	1 MAD = 1.520 ERN
26 December 2023	1 MAD = 1.568 ERN
27 December 2023	1 MAD = 1.521 ERN
28 December 2023	1 MAD = 1.537 ERN
29 December 2023	1 MAD = 1.524 ERN

15/09/2021: Digitization of the Moroccan dirham

Morocco announced plans to digitize the dirham, introducing a central bank digital currency (CBDC) for financial transactions in the country.

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.

22/01/2015: Dollarization policy imposed

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

02/06/2014: Introduction of the fourth dirham

Another series of Moroccan dirham banknotes was issued, featuring new designs and enhanced security features.

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.

02/07/2005: Dirham's exchange rate floatation

Morocco moved to a floating exchange rate regime, allowing the dirham to fluctuate based on market forces.

01/05/1999: Introduction of the third dirham

A new series of Moroccan dirham banknotes was introduced with enhanced security features.

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.

12/12/1980: Introduction of the second dirham

A new series of Moroccan dirham banknotes was issued to replace the first series.

17/10/1974: Adoption of the dirham as the currency

The Moroccan franc was replaced by the Moroccan dirham (MAD) as the official currency.

26/11/1960: Introduction of the Moroccan franc (FRF)

The Moroccan franc was introduced as the official currency of Morocco.

Historic Moroccan dirham Eritrean nakfa