Historic Eritrean nakfa Djiboutian franc

Eritrean nakfa djiboutian franc history for February 2024. The highest quote for this month is 11.829 (04/02/2024) and the lowest 11.829 (04/02/2024). The difference between high and low is 0.

ERN DJF average rate for February 2024 is 11.73148, the change between 01/02/2024 and 29/02/2024 is +2.21 %.

01 February 20241 ERN = 11.79 DJF
02 February 20241 ERN = 11.81 DJF
03 February 20241 ERN = 11.83 DJF
04 February 20241 ERN = 11.83 DJF
05 February 20241 ERN = 11.65 DJF
06 February 20241 ERN = 11.57 DJF
07 February 20241 ERN = 11.55 DJF
08 February 20241 ERN = 11.81 DJF
09 February 20241 ERN = 11.79 DJF
12 February 20241 ERN = 11.54 DJF
13 February 20241 ERN = 11.79 DJF
14 February 20241 ERN = 11.79 DJF
15 February 20241 ERN = 11.81 DJF
16 February 20241 ERN = 11.79 DJF
17 February 20241 ERN = 11.80 DJF
18 February 20241 ERN = 11.80 DJF
19 February 20241 ERN = 11.54 DJF
20 February 20241 ERN = 11.81 DJF
21 February 20241 ERN = 11.79 DJF
22 February 20241 ERN = 11.81 DJF
23 February 20241 ERN = 11.55 DJF
24 February 20241 ERN = 11.81 DJF
25 February 20241 ERN = 11.81 DJF
26 February 20241 ERN = 11.55 DJF
27 February 20241 ERN = 11.79 DJF
28 February 20241 ERN = 11.81 DJF
29 February 20241 ERN = 11.53 DJF

04/06/2020: Exchange rate stabilization

Efforts were made to stabilize the exchange rate of the Djiboutian franc to reduce inflation and encourage economic growth.

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.

01/09/2013: Replacement of coins with bi-metallic coins

Coins of lower denominations of the Djiboutian franc were replaced with bi-metallic coins.

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.

01/01/2002: Introduction of new banknotes

New banknotes of the Djiboutian franc were introduced with enhanced security features.

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.

15/09/1997: Second devaluation

The Djiboutian franc was devalued by 33% as a result of economic instability and high inflation.

08/05/1977: First devaluation

The Djiboutian franc was devalued by 50% due to economic difficulties faced by the newly independent country.

27/06/1973: Independence from France

Djibouti gained independence from France and the Djiboutian franc became the national currency.

01/01/1949: Introduction of the Djiboutian franc

The Djiboutian franc was introduced as the official currency of French Somaliland, replacing the French franc at a 1:1 exchange rate.
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