Historic Eritrean nakfa Israeli Sheqel

Eritrean nakfa israeli sheqel history for January 2024. The highest quote for this month is 0.25183 (17/01/2024) and the lowest 0.24976 (17/01/2024). The difference between high and low is 0.82.

ERN ILS average rate for January 2024 is 0.24576, the change between 01/01/2024 and 31/01/2024 is -1.77 %.

01 January 20241 ERN = 0.2389 ILS
02 January 20241 ERN = 0.2389 ILS
03 January 20241 ERN = 0.2417 ILS
04 January 20241 ERN = 0.2426 ILS
05 January 20241 ERN = 0.2425 ILS
06 January 20241 ERN = 0.2436 ILS
07 January 20241 ERN = 0.2439 ILS
08 January 20241 ERN = 0.2442 ILS
09 January 20241 ERN = 0.2460 ILS
10 January 20241 ERN = 0.2479 ILS
11 January 20241 ERN = 0.2480 ILS
12 January 20241 ERN = 0.2488 ILS
14 January 20241 ERN = 0.2477 ILS
15 January 20241 ERN = 0.2474 ILS
16 January 20241 ERN = 0.2489 ILS
17 January 20241 ERN = 0.2504 ILS
18 January 20241 ERN = 0.2518 ILS
19 January 20241 ERN = 0.2498 ILS
22 January 20241 ERN = 0.2482 ILS
23 January 20241 ERN = 0.2499 ILS
24 January 20241 ERN = 0.2490 ILS
25 January 20241 ERN = 0.2456 ILS
26 January 20241 ERN = 0.2453 ILS
28 January 20241 ERN = 0.2444 ILS
29 January 20241 ERN = 0.2447 ILS
30 January 20241 ERN = 0.2425 ILS
31 January 20241 ERN = 0.2431 ILS

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.

29/12/2014: 1 US Dollar = 3.891 Israeli Sheqel

The Israeli Sheqel (ILS) reaches a historical low against the US Dollar in the foreign exchange market.

04/05/2008: Introduction of New Banknotes

New Israeli Sheqel (ILS) banknotes with enhanced security features were issued.

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.

01/09/1999: Introduction of Sheqel Coins

Israeli Sheqel (ILS) coins were introduced, replacing the agora as the subunit of the currency.

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.

24/02/1985: Hyperinflation Crisis

Israel experiences hyperinflation, leading to the introduction of the new Israeli Sheqel (ILS).

16/03/1960: Introduction of the New Sheqel

The old Israeli pound (ILP) was replaced by the new Israeli Sheqel (ILS) as the official currency.

24/02/1949: Introduction of the Israel Pound

The Israeli pound (ILP) was introduced as legal tender in Israel.

24/09/1948: Israeli Declaration of Independence

The Israeli pound (ILP) was introduced as the official currency of Israel.
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