United States dollar eritrean nakfa exchange rate history (USD ERN) December 2023

United States dollar eritrean nakfa history for December 2023. The highest quote for this month is 15.07 (01/12/2023) and the lowest 15.07 (12/12/2023). The difference between high and low is 0.

USD ERN average rate for December 2023 is 15.05889, the change between 01/12/2023 and 31/12/2023 is -0.13 %.

01 December 2023	1 USD = 15.05 ERN
02 December 2023	1 USD = 15.05 ERN
03 December 2023	1 USD = 15.05 ERN
04 December 2023	1 USD = 15.05 ERN
05 December 2023	1 USD = 15.07 ERN
06 December 2023	1 USD = 15.05 ERN
07 December 2023	1 USD = 15.07 ERN
08 December 2023	1 USD = 15.05 ERN
10 December 2023	1 USD = 15.05 ERN
11 December 2023	1 USD = 15.07 ERN
12 December 2023	1 USD = 15.07 ERN
13 December 2023	1 USD = 15.07 ERN
14 December 2023	1 USD = 15.05 ERN
15 December 2023	1 USD = 15.07 ERN
16 December 2023	1 USD = 15.07 ERN
17 December 2023	1 USD = 15.07 ERN
18 December 2023	1 USD = 15.05 ERN
19 December 2023	1 USD = 15.07 ERN
20 December 2023	1 USD = 15.05 ERN
21 December 2023	1 USD = 15.05 ERN
22 December 2023	1 USD = 15.05 ERN
23 December 2023	1 USD = 15.05 ERN
24 December 2023	1 USD = 15.07 ERN
26 December 2023	1 USD = 15.05 ERN
27 December 2023	1 USD = 15.07 ERN
28 December 2023	1 USD = 15.05 ERN
29 December 2023	1 USD = 15.07 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.