Historic Eritrean nakfa Kenyan shilling

Eritrean nakfa kenyan shilling history for January 2024. The highest quote for this month is 10.783 (24/01/2024) and the lowest 10.749 (28/01/2024). The difference between high and low is 0.32.

ERN KES average rate for January 2024 is 10.532, the change between 01/01/2024 and 31/01/2024 is -2.9 %.

01 January 20241 ERN = 10.35 KES
02 January 20241 ERN = 10.38 KES
03 January 20241 ERN = 10.39 KES
04 January 20241 ERN = 10.38 KES
05 January 20241 ERN = 10.40 KES
06 January 20241 ERN = 10.43 KES
07 January 20241 ERN = 10.43 KES
08 January 20241 ERN = 10.23 KES
09 January 20241 ERN = 10.40 KES
10 January 20241 ERN = 10.45 KES
11 January 20241 ERN = 10.48 KES
12 January 20241 ERN = 10.53 KES
14 January 20241 ERN = 10.56 KES
15 January 20241 ERN = 10.40 KES
16 January 20241 ERN = 10.55 KES
17 January 20241 ERN = 10.46 KES
18 January 20241 ERN = 10.52 KES
19 January 20241 ERN = 10.68 KES
22 January 20241 ERN = 10.47 KES
23 January 20241 ERN = 10.73 KES
24 January 20241 ERN = 10.75 KES
25 January 20241 ERN = 10.78 KES
26 January 20241 ERN = 10.82 KES
28 January 20241 ERN = 10.75 KES
29 January 20241 ERN = 10.72 KES
30 January 20241 ERN = 10.68 KES
31 January 20241 ERN = 10.65 KES

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.

01/10/2019: New Generation Banknotes

Kenya introduced a new series of banknotes with enhanced security features and design elements to fight illicit financial activities.

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.

01/07/2010: Introduction of New Currency Denominations

Kenya introduced new currency denominations, including the 1000 shilling note, to combat money laundering and illegal financial activities.

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.

14/09/1994: Transition to New Currency

Kenya introduced a new design of banknotes and coins to counter counterfeiting and promote national identity.

01/07/1985: Second Devaluation of the Shilling

The Kenyan shilling was further devalued by 30% as part of economic reforms and structural adjustments.

14/09/1980: Devaluation of the Shilling

The Kenyan shilling was devalued by 30% as part of an austerity measure to address the country's economic challenges.

14/06/1969: Decimalization of the Shilling

Kenya decimalized its currency, dividing the shilling into 100 cents for easier transactions and financial calculations.

14/06/1966: Introduction of the Kenyan Shilling

The Kenyan shilling was introduced as the official currency of Kenya replacing the East African shilling as a result of Kenya's independence from British colonial rule.
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