Historic Algerian dinar Eritrean nakfa

Algerian dinar eritrean nakfa history for January 2024. The highest quote for this month is 0.11261 (01/01/2024) and the lowest 0.1136 (25/01/2024). The difference between high and low is -0.88.

DZD ERN average rate for January 2024 is 0.11235, the change between 01/01/2024 and 31/01/2024 is +0.33 %.

01 January 20241 DZD = 0.1126 ERN
02 January 20241 DZD = 0.1126 ERN
03 January 20241 DZD = 0.1122 ERN
04 January 20241 DZD = 0.1123 ERN
05 January 20241 DZD = 0.1124 ERN
06 January 20241 DZD = 0.1124 ERN
07 January 20241 DZD = 0.1124 ERN
08 January 20241 DZD = 0.1124 ERN
09 January 20241 DZD = 0.1124 ERN
10 January 20241 DZD = 0.1123 ERN
11 January 20241 DZD = 0.1124 ERN
12 January 20241 DZD = 0.1124 ERN
14 January 20241 DZD = 0.1121 ERN
15 January 20241 DZD = 0.1124 ERN
16 January 20241 DZD = 0.1123 ERN
17 January 20241 DZD = 0.1122 ERN
18 January 20241 DZD = 0.1123 ERN
19 January 20241 DZD = 0.1120 ERN
22 January 20241 DZD = 0.1126 ERN
23 January 20241 DZD = 0.1125 ERN
24 January 20241 DZD = 0.1124 ERN
25 January 20241 DZD = 0.1127 ERN
26 January 20241 DZD = 0.1123 ERN
28 January 20241 DZD = 0.1123 ERN
29 January 20241 DZD = 0.1122 ERN
30 January 20241 DZD = 0.1123 ERN
31 January 20241 DZD = 0.1122 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.

20/12/2017: Devaluation of Algerian Dinar

The Algerian dinar was devalued again, as it faced economic challenges and low oil prices.

22/01/2015: Dollarization policy imposed

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

29/06/2014: 50th Anniversary of Algerian Dinar

Algeria celebrated the 50th anniversary of the introduction of the Algerian dinar as its national currency.

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.

21/12/1999: Introduction of Euro-Dinar Exchange Rate

The euro-dinar exchange rate was introduced, replacing the French franc as the peg currency for the Algerian dinar.

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.

17/09/1994: Introduction of New Dinar

A new series of banknotes was introduced in Algeria, with the intent of stabilizing the currency and reducing inflation.

10/11/1973: Devaluation of Algerian Dinar

The Algerian dinar was devalued by 30%, as a result of the global oil crisis and economic challenges faced by Algeria.

07/05/1971: Algerian Dinar Pegged to French Franc

The Algerian dinar was pegged to the French franc at a rate of 1 dinar to 1.20 francs, establishing a fixed exchange rate.

01/10/1964: Introduction of Algerian Dinar

The Algerian dinar was introduced as the official currency of Algeria, replacing the French franc at a rate of 1 dinar to 100 francs.
DZD ERN January 2024
DZD ERN February 2024
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DZD ERN January 2025