Historic Eritrean nakfa Aruban florin

Eritrean nakfa aruban florin history for February 2024. The highest quote for this month is 0.11894 (01/02/2024) and the lowest 0.1191 (05/02/2024). The difference between high and low is -0.13.

ERN AWG average rate for February 2024 is 0.11894, the change between 01/02/2024 and 29/02/2024 is 0 %.

01 February 20241 ERN = 0.1189 AWG
02 February 20241 ERN = 0.1189 AWG
03 February 20241 ERN = 0.1189 AWG
04 February 20241 ERN = 0.1189 AWG
05 February 20241 ERN = 0.1189 AWG
06 February 20241 ERN = 0.1189 AWG
07 February 20241 ERN = 0.1189 AWG
08 February 20241 ERN = 0.1189 AWG
09 February 20241 ERN = 0.1188 AWG
12 February 20241 ERN = 0.1191 AWG
13 February 20241 ERN = 0.1189 AWG
14 February 20241 ERN = 0.1189 AWG
15 February 20241 ERN = 0.1189 AWG
16 February 20241 ERN = 0.1189 AWG
19 February 20241 ERN = 0.1189 AWG
20 February 20241 ERN = 0.1189 AWG
21 February 20241 ERN = 0.1189 AWG
22 February 20241 ERN = 0.1191 AWG
23 February 20241 ERN = 0.1189 AWG
24 February 20241 ERN = 0.1188 AWG
25 February 20241 ERN = 0.1188 AWG
26 February 20241 ERN = 0.1189 AWG
27 February 20241 ERN = 0.1189 AWG
28 February 20241 ERN = 0.1191 AWG
29 February 20241 ERN = 0.1189 AWG

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.

01/03/2018: Redenomination of the Aruban florin

Aruba redenominated its currency, replacing 1,000 florins with 1 florin, simplifying transactions and reducing the size of banknotes.

22/01/2015: Dollarization policy imposed

Eritrea imposed a dollarization policy, making the US dollar the predominant currency for most transactions.

01/01/2011: Introduction of polymer banknotes

Aruba introduced polymer banknotes, made from a durable and secure polymer substrate, to enhance the durability and security of its currency.

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.

01/01/2003: Replacement of older banknotes

Older series of banknotes were phased out and replaced by newer and more secure banknotes featuring enhanced anti-counterfeiting measures.

01/01/2000: Adoption of new currency symbol

The Aruban florin adopted a new symbol, ƒ, to distinguish itself from other currencies.

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.

01/01/1993: Currency reform

A currency reform took place in Aruba, with the introduction of a new series of banknotes and the demonetization of certain older banknotes.

01/01/1990: Introduction of the guilders coins

Aruba introduced its own series of coins denominated in guilders, featuring unique designs and symbols reflective of Aruban culture.

01/01/1986: Introduction of the Aruban florin

The Aruban florin was established as the official currency of Aruba, replacing the Dutch guilder at a fixed rate of 1.79 florin to 1 guilder.
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