Historic Egyptian Pound Eritrean nakfa

Egyptian Pound eritrean nakfa history for February 2024. The highest quote for this month is 0.48849 (03/02/2024) and the lowest 0.49058 (12/02/2024). The difference between high and low is -0.43.

EGP ERN average rate for February 2024 is 0.48789, the change between 01/02/2024 and 29/02/2024 is +0.25 %.

01 February 20241 EGP = 0.4881 ERN
02 February 20241 EGP = 0.4876 ERN
03 February 20241 EGP = 0.4878 ERN
04 February 20241 EGP = 0.4878 ERN
05 February 20241 EGP = 0.4852 ERN
06 February 20241 EGP = 0.4875 ERN
07 February 20241 EGP = 0.4881 ERN
08 February 20241 EGP = 0.4876 ERN
09 February 20241 EGP = 0.4882 ERN
12 February 20241 EGP = 0.4905 ERN
13 February 20241 EGP = 0.4882 ERN
14 February 20241 EGP = 0.4881 ERN
15 February 20241 EGP = 0.4875 ERN
16 February 20241 EGP = 0.4882 ERN
17 February 20241 EGP = 0.4885 ERN
18 February 20241 EGP = 0.4885 ERN
19 February 20241 EGP = 0.4902 ERN
20 February 20241 EGP = 0.4875 ERN
21 February 20241 EGP = 0.4876 ERN
22 February 20241 EGP = 0.4874 ERN
23 February 20241 EGP = 0.4881 ERN
24 February 20241 EGP = 0.4885 ERN
25 February 20241 EGP = 0.4869 ERN
26 February 20241 EGP = 0.4875 ERN
27 February 20241 EGP = 0.4875 ERN
28 February 20241 EGP = 0.4875 ERN
29 February 20241 EGP = 0.4869 ERN

03/11/2020: Economic Impact of COVID-19

The COVID-19 pandemic caused economic disruptions globally, affecting the Egyptian Pound's exchange rate and foreign reserves.

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.

14/11/1999: Liberalization of Exchange Rate

The Egyptian government implemented a managed float exchange rate system, allowing the Pound to fluctuate based on market forces.

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.

12/08/1987: Introduction of New Egyptian Pound

A new Egyptian Pound banknote was introduced to combat counterfeiting and improve security features.

14/09/1962: Devaluation of the Pound

The Egyptian government devalued the Pound by 55%, leading to a significant decrease in its value.

23/07/1952: Overthrow of the Monarchy

The Egyptian monarchy was overthrown, leading to political and economic changes that affected the value of the Egyptian Pound.

02/05/1885: Establishment of Central Bank of Egypt

The Central Bank of Egypt was established to regulate the currency and banking system in Egypt.

29/07/1834: Introduction of Egyptian Pound

The Egyptian Pound was introduced as the official currency of Egypt, replacing the piastre.
EGP ERN January 2024
EGP ERN February 2024
EGP ERN March 2024
EGP ERN April 2024
EGP ERN May 2024
EGP ERN June 2024
EGP ERN July 2024
EGP ERN August 2024
EGP ERN September 2024
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EGP ERN November 2024
EGP ERN December 2024
EGP ERN January 2025