Historic Eritrean nakfa Lebanese pound

Eritrean nakfa lebanese pound history for January 2024. The highest quote for this month is 999.55 (26/01/2024) and the lowest 997.74 (01/01/2024). The difference between high and low is 0.18.

ERN LBP average rate for January 2024 is 995.76148, the change between 01/01/2024 and 31/01/2024 is +0.03 %.

01 January 20241 ERN = 996.8 LBP
02 January 20241 ERN = 997.7 LBP
03 January 20241 ERN = 996.7 LBP
04 January 20241 ERN = 995.4 LBP
05 January 20241 ERN = 995.4 LBP
06 January 20241 ERN = 995.4 LBP
07 January 20241 ERN = 995.4 LBP
08 January 20241 ERN = 993.4 LBP
09 January 20241 ERN = 994.4 LBP
10 January 20241 ERN = 995.9 LBP
11 January 20241 ERN = 995.7 LBP
12 January 20241 ERN = 995.8 LBP
14 January 20241 ERN = 996.7 LBP
15 January 20241 ERN = 993.5 LBP
16 January 20241 ERN = 993.9 LBP
17 January 20241 ERN = 997.7 LBP
18 January 20241 ERN = 995.4 LBP
19 January 20241 ERN = 996.7 LBP
22 January 20241 ERN = 994.2 LBP
23 January 20241 ERN = 996.7 LBP
24 January 20241 ERN = 995.4 LBP
25 January 20241 ERN = 995.4 LBP
26 January 20241 ERN = 995.4 LBP
28 January 20241 ERN = 995.4 LBP
29 January 20241 ERN = 997.2 LBP
30 January 20241 ERN = 997.7 LBP
31 January 20241 ERN = 996.6 LBP

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.

17/10/2019: Protests against economic crisis

Mass protests erupted in Lebanon due to economic crisis, leading to further depreciation of the Lebanese pound.

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.

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.

03/11/1997: Revaluation of the Lebanese pound

The Lebanese pound was revalued at a rate of 1,500 LBP = 1 USD, ending the fixed exchange rate with the US dollar.

01/01/1986: Introduction of the parallel exchange market

The parallel exchange market was introduced in Lebanon, leading to a diverging exchange rate between the official and unofficial markets.

01/01/1976: Lebanese Civil War

The Lebanese Civil War began, causing significant economic instability and devaluation of the Lebanese pound.

01/01/1961: Pegged to the US dollar

The Lebanese pound was pegged to the US dollar at an exchange rate of 1 LBP = 1.5 USD.

27/11/1941: Devaluation of the Lebanese pound

The Lebanese pound was devalued by 41.9% following the breakup of the French franc.

01/10/1920: Lebanese pound introduced

The Lebanese pound was introduced at a fixed exchange rate of 1 pound = 20 French francs during the French mandate period.
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