Historic Egyptian Pound Eritrean nakfa

Egyptian Pound eritrean nakfa history for January 2024. The highest quote for this month is 0.49008 (07/01/2024) and the lowest 0.49259 (08/01/2024). The difference between high and low is -0.51.

EGP ERN average rate for January 2024 is 0.48817, the change between 01/01/2024 and 31/01/2024 is +0.19 %.

01 January 20241 EGP = 0.4878 ERN
02 January 20241 EGP = 0.4861 ERN
03 January 20241 EGP = 0.4871 ERN
04 January 20241 EGP = 0.4877 ERN
05 January 20241 EGP = 0.4899 ERN
06 January 20241 EGP = 0.4901 ERN
07 January 20241 EGP = 0.4901 ERN
08 January 20241 EGP = 0.4921 ERN
09 January 20241 EGP = 0.4881 ERN
10 January 20241 EGP = 0.4875 ERN
11 January 20241 EGP = 0.4883 ERN
12 January 20241 EGP = 0.4874 ERN
14 January 20241 EGP = 0.4878 ERN
15 January 20241 EGP = 0.4878 ERN
16 January 20241 EGP = 0.4875 ERN
17 January 20241 EGP = 0.4875 ERN
18 January 20241 EGP = 0.4882 ERN
19 January 20241 EGP = 0.4877 ERN
22 January 20241 EGP = 0.4901 ERN
23 January 20241 EGP = 0.4874 ERN
24 January 20241 EGP = 0.4881 ERN
25 January 20241 EGP = 0.4881 ERN
26 January 20241 EGP = 0.4882 ERN
28 January 20241 EGP = 0.4874 ERN
29 January 20241 EGP = 0.4878 ERN
30 January 20241 EGP = 0.4881 ERN
31 January 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
EGP ERN October 2024
EGP ERN November 2024
EGP ERN December 2024
EGP ERN January 2025