Argentine peso eritrean nakfa exchange rate history (ARS ERN) December 2023

Argentine peso eritrean nakfa history for December 2023. The highest quote for this month is 0.041735 (01/12/2023) and the lowest 0.041784 (01/12/2023). The difference between high and low is -0.12.

ARS ERN average rate for December 2023 is 0.02887, the change between 01/12/2023 and 31/12/2023 is +55.33 %.

01 December 2023	1 ARS = 0.0418 ERN
02 December 2023	1 ARS = 0.0417 ERN
03 December 2023	1 ARS = 0.0417 ERN
04 December 2023	1 ARS = 0.0417 ERN
05 December 2023	1 ARS = 0.0416 ERN
06 December 2023	1 ARS = 0.0415 ERN
07 December 2023	1 ARS = 0.0414 ERN
08 December 2023	1 ARS = 0.0414 ERN
10 December 2023	1 ARS = 0.0414 ERN
11 December 2023	1 ARS = 0.0414 ERN
12 December 2023	1 ARS = 0.0412 ERN
13 December 2023	1 ARS = 0.0411 ERN
14 December 2023	1 ARS = 0.0188 ERN
15 December 2023	1 ARS = 0.0192 ERN
16 December 2023	1 ARS = 0.0188 ERN
17 December 2023	1 ARS = 0.0188 ERN
18 December 2023	1 ARS = 0.0190 ERN
19 December 2023	1 ARS = 0.0188 ERN
20 December 2023	1 ARS = 0.0187 ERN
21 December 2023	1 ARS = 0.0187 ERN
22 December 2023	1 ARS = 0.0187 ERN
23 December 2023	1 ARS = 0.0187 ERN
24 December 2023	1 ARS = 0.0187 ERN
26 December 2023	1 ARS = 0.0187 ERN
27 December 2023	1 ARS = 0.0188 ERN
28 December 2023	1 ARS = 0.0186 ERN
29 December 2023	1 ARS = 0.0187 ERN

14/09/2020: Introduction of Currency Controls

Argentina tightens currency controls to stabilize the peso and prevent capital flight, imposing restrictions on foreign currency purchases and transfers, marking a significant shift in monetary policy.

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.

11/08/2019: Primary Elections and Peso Devaluation

Following the primary elections, uncertainty in the financial markets leads to a significant devaluation of the peso, causing economic turmoil and further exacerbating the country's financial difficulties.

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.

09/12/2015: Change in Government

Mauricio Macri assumes the presidency, bringing in economic reforms and liberalization policies, impacting the exchange rate and the value of the Argentine peso.

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.

02/12/2001: Economic Crisis and Devaluation

Argentina faces a severe economic crisis, resulting in the devaluation of the peso, leading to a sharp decline in its value and triggering social and political unrest.

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.

31/03/1991: Introduction of Convertibility Plan

The Convertibility Plan is implemented, fixing the exchange rate between the Argentine peso and the US dollar on a one-to-one basis, as an attempt to control inflation.

06/01/1985: Introduction of Austral as a new currency

The Argentine government replaces the peso with the Austral as the new currency, aiming to stabilize the economy and tackle hyperinflation.

29/01/1983: End of the military dictatorship

After seven years of military rule, democratic elections are held in Argentina, leading to the end of the military dictatorship and the beginning of a period of economic and political transition.

Historic Argentine peso Eritrean nakfa