Historic Eritrean nakfa Euro

Eritrean nakfa euro history for January 2024. The highest quote for this month is 0.061458 (29/01/2024) and the lowest 0.061241 (29/01/2024). The difference between high and low is 0.35.

ERN EUR average rate for January 2024 is 0.06081, the change between 01/01/2024 and 31/01/2024 is -2.09 %.

01 January 20241 ERN = 0.0600 EUR
02 January 20241 ERN = 0.0601 EUR
03 January 20241 ERN = 0.0607 EUR
04 January 20241 ERN = 0.0607 EUR
05 January 20241 ERN = 0.0606 EUR
07 January 20241 ERN = 0.0606 EUR
08 January 20241 ERN = 0.0607 EUR
09 January 20241 ERN = 0.0606 EUR
10 January 20241 ERN = 0.0608 EUR
11 January 20241 ERN = 0.0605 EUR
12 January 20241 ERN = 0.0605 EUR
14 January 20241 ERN = 0.0607 EUR
15 January 20241 ERN = 0.0606 EUR
16 January 20241 ERN = 0.0606 EUR
17 January 20241 ERN = 0.0611 EUR
18 January 20241 ERN = 0.0610 EUR
19 January 20241 ERN = 0.0611 EUR
22 January 20241 ERN = 0.0609 EUR
23 January 20241 ERN = 0.0611 EUR
24 January 20241 ERN = 0.0611 EUR
25 January 20241 ERN = 0.0610 EUR
26 January 20241 ERN = 0.0612 EUR
28 January 20241 ERN = 0.0611 EUR
29 January 20241 ERN = 0.0613 EUR
30 January 20241 ERN = 0.0612 EUR
31 January 20241 ERN = 0.0613 EUR

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.

13/07/2015: Greek debt bailout agreement

A third bailout deal was reached between Greece and its creditors, avoiding a potential Greek exit from the Eurozone.

22/01/2015: Dollarization policy imposed

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

02/05/2010: Greek debt crisis

Greece's financial crisis threatened the stability of the Eurozone, requiring massive bailout packages to prevent a default.

15/10/2008: Global financial crisis

The Euro faced significant economic challenges following the collapse of Lehman Brothers, leading to a recession in many Eurozone countries.

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.

01/05/2004: Eurozone expansion

10 more countries joined the Eurozone, bringing the total number of participating countries to 24.

01/01/2002: Euro banknotes and coins

Physical banknotes and coins in Euro were introduced, replacing national currencies in 12 European countries.

01/01/1999: Introduction of the Euro

The Euro was officially introduced as an electronic currency for banking and financial transactions.

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.

07/02/1992: The Maastricht Treaty

The treaty was signed, which officially established the European Union and laid the groundwork for the creation of the Euro.
ERN EUR January 2024
ERN EUR February 2024
ERN EUR March 2024
ERN EUR April 2024
ERN EUR May 2024
ERN EUR June 2024
ERN EUR July 2024
ERN EUR August 2024
ERN EUR September 2024
ERN EUR October 2024
ERN EUR November 2024
ERN EUR December 2024
ERN EUR January 2025