Cayman Islands dollar eritrean nakfa exchange rate history (KYD ERN) December 2023

Cayman Islands dollar eritrean nakfa history for December 2023. The highest quote for this month is 18.5 (19/12/2023) and the lowest 18.663 (14/12/2023). The difference between high and low is -0.88.

KYD ERN average rate for December 2023 is 18.43567, the change between 01/12/2023 and 31/12/2023 is +0.41 %.

01 December 2023	1 KYD = 18.46 ERN
02 December 2023	1 KYD = 18.35 ERN
03 December 2023	1 KYD = 18.35 ERN
04 December 2023	1 KYD = 18.46 ERN
05 December 2023	1 KYD = 18.48 ERN
06 December 2023	1 KYD = 18.47 ERN
07 December 2023	1 KYD = 18.47 ERN
08 December 2023	1 KYD = 18.46 ERN
10 December 2023	1 KYD = 18.35 ERN
11 December 2023	1 KYD = 18.46 ERN
12 December 2023	1 KYD = 18.48 ERN
13 December 2023	1 KYD = 18.50 ERN
14 December 2023	1 KYD = 18.47 ERN
15 December 2023	1 KYD = 18.50 ERN
16 December 2023	1 KYD = 18.38 ERN
17 December 2023	1 KYD = 18.38 ERN
18 December 2023	1 KYD = 18.36 ERN
19 December 2023	1 KYD = 18.49 ERN
20 December 2023	1 KYD = 18.48 ERN
21 December 2023	1 KYD = 18.46 ERN
22 December 2023	1 KYD = 18.47 ERN
23 December 2023	1 KYD = 18.35 ERN
24 December 2023	1 KYD = 18.38 ERN
26 December 2023	1 KYD = 18.44 ERN
27 December 2023	1 KYD = 18.45 ERN
28 December 2023	1 KYD = 18.46 ERN
29 December 2023	1 KYD = 18.39 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.

01/01/2010: Removal of 1 cent coin from circulation

Due to its low purchasing power and production costs, the 1 cent coin was withdrawn from circulation in the Cayman Islands.

01/11/2007: Transition from Crown Dependencies to Overseas Countries and Territories

The Cayman Islands, including its currency, transitioned from being labeled as a Crown Dependency to an Overseas Country and Territory.

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.

01/01/2001: Issuance of New Banknotes and Coins

New banknotes and coins with enhanced security features were introduced to combat counterfeiting.

01/01/1999: Introduction of Cayman Islands Currency Law

The Cayman Islands Currency Law was enacted to provide a legal framework for the issuance and regulation of the currency.

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.

01/07/1997: Pegging of the Cayman Islands Dollar to the US Dollar

The Cayman Islands dollar was pegged to the US dollar at a fixed exchange rate of KYD 1.00 = USD 1.20.

07/11/1974: Creation of the Cayman Islands Monetary Authority

The Cayman Islands Monetary Authority was established as the central bank responsible for regulating the currency and financial institutions.

01/01/1972: Introduction of Cayman Islands Dollar

The Cayman Islands dollar was first introduced as the official currency, replacing the Jamaican dollar.

Historic Cayman Islands dollar Eritrean nakfa