Eritrean nakfa salvadoran colón exchange rate history (ERN SVC) December 2023

Eritrean nakfa salvadoran colón history for December 2023. The highest quote for this month is 0.5814 (02/12/2023) and the lowest 0.5814 (02/12/2023). The difference between high and low is 0.

ERN SVC average rate for December 2023 is 0.5706, the change between 01/12/2023 and 31/12/2023 is -0.41 %.

01 December 2023	1 ERN = 0.5669 SVC
02 December 2023	1 ERN = 0.5814 SVC
03 December 2023	1 ERN = 0.5814 SVC
04 December 2023	1 ERN = 0.5671 SVC
05 December 2023	1 ERN = 0.5663 SVC
06 December 2023	1 ERN = 0.5666 SVC
07 December 2023	1 ERN = 0.5667 SVC
08 December 2023	1 ERN = 0.5670 SVC
10 December 2023	1 ERN = 0.5814 SVC
11 December 2023	1 ERN = 0.5668 SVC
12 December 2023	1 ERN = 0.5663 SVC
13 December 2023	1 ERN = 0.5659 SVC
14 December 2023	1 ERN = 0.5667 SVC
15 December 2023	1 ERN = 0.5659 SVC
16 December 2023	1 ERN = 0.5806 SVC
17 December 2023	1 ERN = 0.5806 SVC
18 December 2023	1 ERN = 0.5699 SVC
19 December 2023	1 ERN = 0.5660 SVC
20 December 2023	1 ERN = 0.5663 SVC
21 December 2023	1 ERN = 0.5668 SVC
22 December 2023	1 ERN = 0.5668 SVC
23 December 2023	1 ERN = 0.5814 SVC
24 December 2023	1 ERN = 0.5806 SVC
26 December 2023	1 ERN = 0.5676 SVC
27 December 2023	1 ERN = 0.5672 SVC
28 December 2023	1 ERN = 0.5669 SVC
29 December 2023	1 ERN = 0.5692 SVC

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.

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.