Historic Eritrean nakfa Kazakhstani tenge

Eritrean nakfa kazakhstani tenge history for January 2024. The highest quote for this month is 30.242 (01/01/2024) and the lowest 30.226 (01/01/2024). The difference between high and low is 0.05.

ERN KZT average rate for January 2024 is 29.85167, the change between 01/01/2024 and 31/01/2024 is +1.9 %.

01 January 20241 ERN = 30.20 KZT
02 January 20241 ERN = 30.23 KZT
03 January 20241 ERN = 30.09 KZT
04 January 20241 ERN = 30.15 KZT
05 January 20241 ERN = 29.98 KZT
06 January 20241 ERN = 30.03 KZT
07 January 20241 ERN = 30.03 KZT
08 January 20241 ERN = 29.87 KZT
09 January 20241 ERN = 29.92 KZT
10 January 20241 ERN = 30.02 KZT
11 January 20241 ERN = 29.97 KZT
12 January 20241 ERN = 29.85 KZT
14 January 20241 ERN = 29.99 KZT
15 January 20241 ERN = 29.76 KZT
16 January 20241 ERN = 29.77 KZT
17 January 20241 ERN = 29.93 KZT
18 January 20241 ERN = 29.90 KZT
19 January 20241 ERN = 29.83 KZT
22 January 20241 ERN = 29.64 KZT
23 January 20241 ERN = 29.55 KZT
24 January 20241 ERN = 29.34 KZT
25 January 20241 ERN = 29.47 KZT
26 January 20241 ERN = 29.58 KZT
28 January 20241 ERN = 29.86 KZT
29 January 20241 ERN = 29.78 KZT
30 January 20241 ERN = 29.64 KZT
31 January 20241 ERN = 29.63 KZT

13/12/2021: Introduction of New Banknotes and Coins

New banknotes and coins were introduced, featuring updated designs, improved security features, and denominations. This aims to enhance the efficiency of cash transactions.

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.

03/04/2017: Transition to Free Float

After gradually reducing interventions, Kazakhstan fully transitioned to a free float exchange rate for the tenge, allowing the market to determine its value.

20/08/2015: Tenge Devaluation

Kazakhstan devalued the tenge by around 30% due to falling oil prices and economic instability. This move aimed to boost exports and protect the economy.

22/01/2015: Dollarization policy imposed

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

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.

19/04/2004: Introduction of New Banknotes

New banknotes with enhanced security features and updated designs were introduced to combat counterfeiting and modernize the currency.

04/10/1999: Floating Exchange Rate

Kazakhstan switched to a floating exchange rate regime, allowing the tenge to fluctuate freely based on market supply and demand.

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.

15/02/1994: Denomination of Tenge

The tenge underwent a 10,000-fold denomination, where 1 new tenge was equal to 10,000 old tenge. This was done to simplify currency handling and eliminate excessive zeros.

15/11/1993: Introduction of Kazakhstani Tenge

The Kazakhstani tenge was introduced as the new currency of Kazakhstan, replacing the Soviet ruble. The exchange rate was set at 1 tenge = 500 rubles.
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