Historic Eritrean nakfa Egyptian Pound

Eritrean nakfa egyptian pound history for January 2024. The highest quote for this month is 2.061 (02/01/2024) and the lowest 2.0504 (09/01/2024). The difference between high and low is 0.51.

ERN EGP average rate for January 2024 is 2.04847, the change between 01/01/2024 and 31/01/2024 is -0.19 %.

01 January 20241 ERN = 2.050 EGP
02 January 20241 ERN = 2.057 EGP
03 January 20241 ERN = 2.053 EGP
04 January 20241 ERN = 2.050 EGP
05 January 20241 ERN = 2.041 EGP
06 January 20241 ERN = 2.041 EGP
07 January 20241 ERN = 2.041 EGP
08 January 20241 ERN = 2.032 EGP
09 January 20241 ERN = 2.049 EGP
10 January 20241 ERN = 2.051 EGP
11 January 20241 ERN = 2.048 EGP
12 January 20241 ERN = 2.052 EGP
14 January 20241 ERN = 2.050 EGP
15 January 20241 ERN = 2.050 EGP
16 January 20241 ERN = 2.051 EGP
17 January 20241 ERN = 2.051 EGP
18 January 20241 ERN = 2.048 EGP
19 January 20241 ERN = 2.051 EGP
22 January 20241 ERN = 2.040 EGP
23 January 20241 ERN = 2.052 EGP
24 January 20241 ERN = 2.049 EGP
25 January 20241 ERN = 2.049 EGP
26 January 20241 ERN = 2.049 EGP
28 January 20241 ERN = 2.052 EGP
29 January 20241 ERN = 2.050 EGP
30 January 20241 ERN = 2.049 EGP
31 January 20241 ERN = 2.054 EGP

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.
ERN EGP January 2024
ERN EGP February 2024
ERN EGP March 2024
ERN EGP April 2024
ERN EGP May 2024
ERN EGP June 2024
ERN EGP July 2024
ERN EGP August 2024
ERN EGP September 2024
ERN EGP October 2024
ERN EGP November 2024
ERN EGP December 2024
ERN EGP January 2025