Eritrean nakfa jamaican dollar exchange rate history (ERN JMD) January 2024

Eritrean nakfa jamaican dollar history for January 2024. The highest quote for this month is 10.297 (28/01/2024) and the lowest 10.277 (14/01/2024). The difference between high and low is 0.19.

ERN JMD average rate for January 2024 is 10.18822, the change between 01/01/2024 and 31/01/2024 is -0.44 %.

01 January 2024	1 ERN = 10.16 JMD
02 January 2024	1 ERN = 10.17 JMD
03 January 2024	1 ERN = 10.14 JMD
04 January 2024	1 ERN = 10.12 JMD
05 January 2024	1 ERN = 10.13 JMD
06 January 2024	1 ERN = 10.20 JMD
07 January 2024	1 ERN = 10.20 JMD
08 January 2024	1 ERN = 10.13 JMD
09 January 2024	1 ERN = 10.13 JMD
10 January 2024	1 ERN = 10.15 JMD
11 January 2024	1 ERN = 10.16 JMD
12 January 2024	1 ERN = 10.19 JMD
14 January 2024	1 ERN = 10.28 JMD
15 January 2024	1 ERN = 10.19 JMD
16 January 2024	1 ERN = 10.20 JMD
17 January 2024	1 ERN = 10.23 JMD
18 January 2024	1 ERN = 10.18 JMD
19 January 2024	1 ERN = 10.20 JMD
22 January 2024	1 ERN = 10.20 JMD
23 January 2024	1 ERN = 10.20 JMD
24 January 2024	1 ERN = 10.20 JMD
25 January 2024	1 ERN = 10.22 JMD
26 January 2024	1 ERN = 10.23 JMD
28 January 2024	1 ERN = 10.22 JMD
29 January 2024	1 ERN = 10.25 JMD
30 January 2024	1 ERN = 10.20 JMD
31 January 2024	1 ERN = 10.21 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.

Historic Eritrean nakfa Jamaican Dollar