Somali shilling eritrean nakfa exchange rate history (SOS ERN) November 2023

Somali shilling eritrean nakfa history for November 2023. The highest quote for this month is 0.026578 (06/11/2023) and the lowest 0.026543 (01/11/2023). The difference between high and low is 0.13.

SOS ERN average rate for November 2023 is 0.02651, the change between 01/11/2023 and 30/11/2023 is 0 %.

01 November 2023	1 SOS = 0.0265 ERN
06 November 2023	1 SOS = 0.0265 ERN
07 November 2023	1 SOS = 0.0265 ERN
08 November 2023	1 SOS = 0.0265 ERN
09 November 2023	1 SOS = 0.0265 ERN
10 November 2023	1 SOS = 0.0265 ERN
13 November 2023	1 SOS = 0.0265 ERN
14 November 2023	1 SOS = 0.0265 ERN
15 November 2023	1 SOS = 0.0265 ERN
16 November 2023	1 SOS = 0.0265 ERN
17 November 2023	1 SOS = 0.0265 ERN
20 November 2023	1 SOS = 0.0265 ERN
21 November 2023	1 SOS = 0.0265 ERN
22 November 2023	1 SOS = 0.0265 ERN
23 November 2023	1 SOS = 0.0265 ERN
24 November 2023	1 SOS = 0.0265 ERN
27 November 2023	1 SOS = 0.0265 ERN
28 November 2023	1 SOS = 0.0265 ERN
29 November 2023	1 SOS = 0.0265 ERN
30 November 2023	1 SOS = 0.0265 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.

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.

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.