Historic Eritrean nakfa Ghana Cedi

Eritrean nakfa ghana cedi history for January 2024. The highest quote for this month is 0.82175 (29/01/2024) and the lowest 0.81854 (29/01/2024). The difference between high and low is 0.39.

ERN GHS average rate for January 2024 is 0.79665, the change between 01/01/2024 and 31/01/2024 is -3.02 %.

01 January 20241 ERN = 0.7940 GHS
02 January 20241 ERN = 0.7947 GHS
03 January 20241 ERN = 0.7907 GHS
04 January 20241 ERN = 0.7897 GHS
05 January 20241 ERN = 0.7897 GHS
06 January 20241 ERN = 0.7883 GHS
07 January 20241 ERN = 0.7883 GHS
08 January 20241 ERN = 0.7903 GHS
09 January 20241 ERN = 0.7897 GHS
10 January 20241 ERN = 0.7899 GHS
11 January 20241 ERN = 0.7897 GHS
12 January 20241 ERN = 0.7920 GHS
14 January 20241 ERN = 0.7914 GHS
15 January 20241 ERN = 0.7917 GHS
16 January 20241 ERN = 0.7940 GHS
17 January 20241 ERN = 0.7970 GHS
18 January 20241 ERN = 0.7910 GHS
19 January 20241 ERN = 0.7940 GHS
22 January 20241 ERN = 0.8008 GHS
23 January 20241 ERN = 0.7973 GHS
24 January 20241 ERN = 0.7950 GHS
25 January 20241 ERN = 0.8029 GHS
26 January 20241 ERN = 0.8029 GHS
28 January 20241 ERN = 0.8096 GHS
29 January 20241 ERN = 0.8213 GHS
30 January 20241 ERN = 0.8162 GHS
31 January 20241 ERN = 0.8179 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.
ERN GHS January 2024
ERN GHS February 2024
ERN GHS March 2024
ERN GHS April 2024
ERN GHS May 2024
ERN GHS June 2024
ERN GHS July 2024
ERN GHS August 2024
ERN GHS September 2024
ERN GHS October 2024
ERN GHS November 2024
ERN GHS December 2024
ERN GHS January 2025