Historic Eritrean nakfa Ghana Cedi

Eritrean nakfa ghana cedi history for February 2024. The highest quote for this month is 0.83828 (29/02/2024) and the lowest 0.83455 (29/02/2024). The difference between high and low is 0.44.

ERN GHS average rate for February 2024 is 0.82465, the change between 01/02/2024 and 29/02/2024 is -2.25 %.

01 February 20241 ERN = 0.8162 GHS
02 February 20241 ERN = 0.8206 GHS
03 February 20241 ERN = 0.8199 GHS
04 February 20241 ERN = 0.8199 GHS
05 February 20241 ERN = 0.8272 GHS
06 February 20241 ERN = 0.8216 GHS
07 February 20241 ERN = 0.8195 GHS
08 February 20241 ERN = 0.8206 GHS
09 February 20241 ERN = 0.8215 GHS
12 February 20241 ERN = 0.8221 GHS
13 February 20241 ERN = 0.8228 GHS
14 February 20241 ERN = 0.8235 GHS
15 February 20241 ERN = 0.8239 GHS
16 February 20241 ERN = 0.8235 GHS
17 February 20241 ERN = 0.8228 GHS
18 February 20241 ERN = 0.8228 GHS
19 February 20241 ERN = 0.8260 GHS
20 February 20241 ERN = 0.8282 GHS
21 February 20241 ERN = 0.8242 GHS
22 February 20241 ERN = 0.8306 GHS
23 February 20241 ERN = 0.8195 GHS
24 February 20241 ERN = 0.8295 GHS
25 February 20241 ERN = 0.8295 GHS
26 February 20241 ERN = 0.8316 GHS
27 February 20241 ERN = 0.8295 GHS
28 February 20241 ERN = 0.8339 GHS
29 February 20241 ERN = 0.8346 GHS

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.

16/09/2019: Ghana Goes Cashless

The government launched the Ghana.Gov payment platform, aimed at promoting electronic payments and reducing cash 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.

05/07/2012: GHS Symbol Change

The Bank of Ghana introduced a new currency symbol for the cedi, changing it from GHȼ to GHS.

03/07/2007: Decimals Dropped

The Bank of Ghana dropped four decimal places, making 1 new Ghanaian cedi = 1 GHȼ.

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.

01/07/2002: Replacement of New Cedi

The new Ghanaian cedi, denoted as GHC, replaced the second cedi at a rate of 1 cedi = 10,000 cedis.

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.

17/07/1978: Second Cedi Introduced

Due to high inflation, the second Ghanaian cedi was introduced with a new currency code, GHS.

19/07/1965: Cedi Introduced

The Ghanaian pound was replaced by the Ghanaian cedi at a rate of 1 pound = 2.4 cedis, symbolizing economic independence.

06/03/1957: Ghana's Independence

Ghana gained independence from British colonial rule, leading to the introduction of the Ghanaian pound as its currency.
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