Historic Eritrean nakfa Salvadoran Colón

Eritrean nakfa salvadoran colón history for February 2024. The highest quote for this month is 0.5814 (04/02/2024) and the lowest 0.5814 (03/02/2024). The difference between high and low is 0.

ERN SVC average rate for February 2024 is 0.56959, the change between 01/02/2024 and 29/02/2024 is -0.1 %.

01 February 20241 ERN = 0.5649 SVC
02 February 20241 ERN = 0.5664 SVC
03 February 20241 ERN = 0.5814 SVC
04 February 20241 ERN = 0.5814 SVC
05 February 20241 ERN = 0.5712 SVC
06 February 20241 ERN = 0.5672 SVC
07 February 20241 ERN = 0.5662 SVC
08 February 20241 ERN = 0.5667 SVC
09 February 20241 ERN = 0.5662 SVC
12 February 20241 ERN = 0.5661 SVC
13 February 20241 ERN = 0.5657 SVC
14 February 20241 ERN = 0.5659 SVC
15 February 20241 ERN = 0.5665 SVC
16 February 20241 ERN = 0.5656 SVC
17 February 20241 ERN = 0.5806 SVC
18 February 20241 ERN = 0.5806 SVC
19 February 20241 ERN = 0.5659 SVC
20 February 20241 ERN = 0.5665 SVC
21 February 20241 ERN = 0.5660 SVC
22 February 20241 ERN = 0.5666 SVC
23 February 20241 ERN = 0.5661 SVC
24 February 20241 ERN = 0.5806 SVC
25 February 20241 ERN = 0.5806 SVC
26 February 20241 ERN = 0.5662 SVC
27 February 20241 ERN = 0.5658 SVC
28 February 20241 ERN = 0.5665 SVC
29 February 20241 ERN = 0.5655 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.
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