Historic Eritrean nakfa Jamaican Dollar

Eritrean nakfa jamaican dollar history for February 2024. The highest quote for this month is 10.35 (05/02/2024) and the lowest 10.34 (17/02/2024). The difference between high and low is 0.1.

ERN JMD average rate for February 2024 is 10.2767, the change between 01/02/2024 and 29/02/2024 is -0.52 %.

01 February 20241 ERN = 10.19 JMD
02 February 20241 ERN = 10.22 JMD
03 February 20241 ERN = 10.30 JMD
04 February 20241 ERN = 10.30 JMD
05 February 20241 ERN = 10.34 JMD
06 February 20241 ERN = 10.27 JMD
07 February 20241 ERN = 10.26 JMD
08 February 20241 ERN = 10.26 JMD
09 February 20241 ERN = 10.21 JMD
12 February 20241 ERN = 10.28 JMD
13 February 20241 ERN = 10.27 JMD
14 February 20241 ERN = 10.26 JMD
15 February 20241 ERN = 10.31 JMD
16 February 20241 ERN = 10.30 JMD
17 February 20241 ERN = 10.34 JMD
18 February 20241 ERN = 10.34 JMD
19 February 20241 ERN = 10.28 JMD
20 February 20241 ERN = 10.30 JMD
21 February 20241 ERN = 10.29 JMD
22 February 20241 ERN = 10.29 JMD
23 February 20241 ERN = 10.29 JMD
24 February 20241 ERN = 10.22 JMD
25 February 20241 ERN = 10.32 JMD
26 February 20241 ERN = 10.27 JMD
27 February 20241 ERN = 10.27 JMD
28 February 20241 ERN = 10.25 JMD
29 February 20241 ERN = 10.25 JMD

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.

16/03/2015: Bank of Jamaica Act

The Bank of Jamaica Act was passed, granting the central bank greater autonomy in executing monetary policy and promoting financial stability.

22/01/2015: Dollarization policy imposed

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

12/02/2013: Currency devaluation

To stabilize the economy, the Jamaican Dollar was devalued by approximately 16.5% against major currencies.

28/11/2010: IMF agreement

Jamaica reached an agreement with the International Monetary Fund (IMF) for a financial support program to address economic challenges.

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.

30/04/1994: Foreign exchange liberalization

Jamaica lifted restrictions on foreign exchange, allowing for more flexible trade and investment opportunities.

25/03/1991: JMD devaluation

Due to economic pressures, the Jamaican Dollar was devalued by 33.3%, leading to an increase in the exchange rate.

05/08/1971: Currency decimalization

Jamaica decimalized its currency, dividing the Jamaican Dollar into 100 cents instead of 20 shillings.

07/02/1969: Jamaican Dollar introduced

The Jamaican Dollar (JMD) was introduced as the official currency of Jamaica, replacing the Jamaican pound.
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