Historic Canadian dollar Eritrean nakfa

Canadian dollar eritrean nakfa history for January 2024. The highest quote for this month is 11.374 (01/01/2024) and the lowest 11.383 (01/01/2024). The difference between high and low is -0.08.

CAD ERN average rate for January 2024 is 11.2377, the change between 01/01/2024 and 31/01/2024 is +1.34 %.

01 January 20241 CAD = 11.38 ERN
02 January 20241 CAD = 11.38 ERN
03 January 20241 CAD = 11.30 ERN
04 January 20241 CAD = 11.29 ERN
05 January 20241 CAD = 11.28 ERN
06 January 20241 CAD = 11.28 ERN
07 January 20241 CAD = 11.28 ERN
08 January 20241 CAD = 11.27 ERN
09 January 20241 CAD = 11.29 ERN
10 January 20241 CAD = 11.24 ERN
11 January 20241 CAD = 11.26 ERN
12 January 20241 CAD = 11.25 ERN
14 January 20241 CAD = 11.23 ERN
15 January 20241 CAD = 11.24 ERN
16 January 20241 CAD = 11.22 ERN
17 January 20241 CAD = 11.16 ERN
18 January 20241 CAD = 11.16 ERN
19 January 20241 CAD = 11.16 ERN
22 January 20241 CAD = 11.22 ERN
23 January 20241 CAD = 11.17 ERN
24 January 20241 CAD = 11.20 ERN
25 January 20241 CAD = 11.14 ERN
26 January 20241 CAD = 11.18 ERN
28 January 20241 CAD = 11.20 ERN
29 January 20241 CAD = 11.19 ERN
30 January 20241 CAD = 11.24 ERN
31 January 20241 CAD = 11.23 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.

07/11/2013: Change in banknote design and security features

The Bank of Canada introduced new polymer banknotes with enhanced security features and redesigned motifs, replacing the paper-based notes in circulation since 1935.

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.

15/08/1971: Canada switches to a floating exchange rate

Canada abandoned its fixed exchange rate system and adopted a floating exchange rate, allowing the value of the Canadian dollar to fluctuate in response to market forces.

01/03/1950: Introduction of the Canadian dollar's decimalization

Canada adopted a decimal currency system, dividing the dollar into 100 cents, replacing the previous system based on pounds, shillings, and pence.

01/01/1933: Currency depreciation during the Great Depression

The Canadian dollar experienced significant depreciation during the Great Depression due to economic uncertainty and a decrease in international trade.

02/01/1914: Introduction of the Canadian Dollar Act

The Canadian Dollar Act established the Canadian dollar as the sole currency of Canada and gave the government control over its issuance.

01/01/1858: Introduction of the Canadian dollar

The Canadian pound was replaced by the Canadian dollar as the official currency of Canada, helping to unify the currency across the country.

01/01/1841: Introduction of the Canadian pound

The first Canadian currency was the Canadian pound, which was introduced to replace British pounds in the Province of Canada.
CAD ERN January 2024
CAD ERN February 2024
CAD ERN March 2024
CAD ERN April 2024
CAD ERN May 2024
CAD ERN June 2024
CAD ERN July 2024
CAD ERN August 2024
CAD ERN September 2024
CAD ERN October 2024
CAD ERN November 2024
CAD ERN December 2024
CAD ERN January 2025