Historic Rwandan franc Eritrean nakfa

Rwandan franc eritrean nakfa history for February 2024. The highest quote for this month is 0.011981 (15/02/2024) and the lowest 0.012045 (02/02/2024). The difference between high and low is -0.53.

RWF ERN average rate for February 2024 is 0.01194, the change between 01/02/2024 and 29/02/2024 is -0.05 %.

01 February 20241 RWF = 0.0119 ERN
02 February 20241 RWF = 0.0119 ERN
03 February 20241 RWF = 0.0119 ERN
04 February 20241 RWF = 0.0119 ERN
05 February 20241 RWF = 0.0119 ERN
06 February 20241 RWF = 0.0120 ERN
07 February 20241 RWF = 0.0119 ERN
08 February 20241 RWF = 0.0119 ERN
09 February 20241 RWF = 0.0119 ERN
12 February 20241 RWF = 0.0120 ERN
13 February 20241 RWF = 0.0119 ERN
14 February 20241 RWF = 0.0119 ERN
15 February 20241 RWF = 0.0120 ERN
16 February 20241 RWF = 0.0120 ERN
17 February 20241 RWF = 0.0119 ERN
18 February 20241 RWF = 0.0119 ERN
19 February 20241 RWF = 0.0120 ERN
20 February 20241 RWF = 0.0120 ERN
21 February 20241 RWF = 0.0120 ERN
22 February 20241 RWF = 0.0120 ERN
23 February 20241 RWF = 0.0120 ERN
24 February 20241 RWF = 0.0119 ERN
25 February 20241 RWF = 0.0119 ERN
26 February 20241 RWF = 0.0119 ERN
27 February 20241 RWF = 0.0119 ERN
28 February 20241 RWF = 0.0117 ERN
29 February 20241 RWF = 0.0119 ERN

24/06/2020: Rwandan Franc Devaluation

The central bank of Rwanda announced a gradual devaluation of the Rwandan franc to enhance export competitiveness and stimulate economic growth.

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.

03/12/2008: New Currency Series

A new series of Rwandan franc banknotes was introduced, featuring updated security features and designs.

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.

01/01/2004: East African Community

Rwanda joined the East African Community, leading to increased economic integration and cooperation within the region.

03/12/1998: Currency Redenomination

The Rwandan franc underwent a redenomination, with 100 old francs being replaced by 1 new franc.

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.

07/04/1995: Rwandan Genocide

The Rwandan Genocide began, causing economic instability and inflation for the Rwandan franc.

01/12/1973: Currency Reform

A currency reform was implemented, introducing a new series of Rwandan franc banknotes.

25/06/1964: Introduction of the Rwandan Franc

The Rwandan franc was introduced as the official currency of Rwanda, replacing the East African shilling.
RWF ERN July 2023
RWF ERN August 2023
RWF ERN September 2023
RWF ERN October 2023
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RWF ERN December 2023
RWF ERN January 2024
RWF ERN February 2024
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RWF ERN July 2024