Historic Eritrean nakfa Iranian Rial

Eritrean nakfa iranian rial history for February 2024. The highest quote for this month is 2790.7 (04/02/2024) and the lowest 2792.36 (05/02/2024). The difference between high and low is -0.06.

ERN IRR average rate for February 2024 is 2788.98444, the change between 01/02/2024 and 29/02/2024 is -0.16 %.

01 February 20241 ERN = 2787.99 IRR
02 February 20241 ERN = 2790.70 IRR
03 February 20241 ERN = 2790.70 IRR
04 February 20241 ERN = 2790.70 IRR
05 February 20241 ERN = 2788.65 IRR
06 February 20241 ERN = 2790.70 IRR
07 February 20241 ERN = 2787.66 IRR
08 February 20241 ERN = 2790.70 IRR
09 February 20241 ERN = 2787.99 IRR
12 February 20241 ERN = 2790.70 IRR
13 February 20241 ERN = 2786.99 IRR
14 February 20241 ERN = 2787.33 IRR
15 February 20241 ERN = 2790.70 IRR
16 February 20241 ERN = 2787.33 IRR
17 February 20241 ERN = 2786.99 IRR
18 February 20241 ERN = 2786.99 IRR
19 February 20241 ERN = 2786.99 IRR
20 February 20241 ERN = 2790.70 IRR
21 February 20241 ERN = 2787.99 IRR
22 February 20241 ERN = 2791.69 IRR
23 February 20241 ERN = 2787.33 IRR
24 February 20241 ERN = 2786.99 IRR
25 February 20241 ERN = 2786.99 IRR
26 February 20241 ERN = 2791.03 IRR
27 February 20241 ERN = 2786.99 IRR
28 February 20241 ERN = 2790.70 IRR
29 February 20241 ERN = 2792.36 IRR

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.

23/02/2020: COVID-19 Pandemic's Impact on the Iranian Rial

The COVID-19 pandemic, along with economic challenges, caused further depreciation of the Iranian Rial (IRR) against major currencies.

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.

10/04/2018: Revaluation of the Iranian Rial

Iran's government announced a new currency exchange rate, devaluing the Iranian Rial (IRR) against foreign currencies.

22/01/2015: Dollarization policy imposed

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

24/09/2012: Imposition of International Sanctions on Iran

International sanctions were imposed on Iran, leading to a significant decline in the value of the Iranian Rial (IRR).

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.

24/05/1989: Introduction of the Two-Tier Exchange Rate System

Iran implemented a two-tier exchange rate system, with different rates for essential goods and non-essential imports.

26/10/1975: Floating of the Iranian Rial

The Iranian Rial (IRR) was allowed to float against foreign currencies, marking the end of the fixed exchange rate system.

01/09/1957: Decimalization of the Iranian Rial

The Iranian Rial (IRR) was decimalized, dividing one Toman into 10 Rials to simplify the currency system.

01/04/1932: Introduction of the Iranian Rial

The Iranian Rial (IRR) was introduced as the official currency of Iran after replacing the Qiran.
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