Historic Eritrean nakfa Libyan dinar

Eritrean nakfa libyan dinar history for February 2024. The highest quote for this month is 0.32192 (05/02/2024) and the lowest 0.32099 (17/02/2024). The difference between high and low is 0.29.

ERN LYD average rate for February 2024 is 0.31976, the change between 01/02/2024 and 29/02/2024 is -0.06 %.

01 February 20241 ERN = 0.3185 LYD
02 February 20241 ERN = 0.3183 LYD
03 February 20241 ERN = 0.3201 LYD
04 February 20241 ERN = 0.3204 LYD
05 February 20241 ERN = 0.3215 LYD
06 February 20241 ERN = 0.3193 LYD
07 February 20241 ERN = 0.3179 LYD
08 February 20241 ERN = 0.3203 LYD
09 February 20241 ERN = 0.3202 LYD
12 February 20241 ERN = 0.3192 LYD
13 February 20241 ERN = 0.3192 LYD
14 February 20241 ERN = 0.3198 LYD
15 February 20241 ERN = 0.3209 LYD
16 February 20241 ERN = 0.3205 LYD
17 February 20241 ERN = 0.3210 LYD
18 February 20241 ERN = 0.3210 LYD
19 February 20241 ERN = 0.3199 LYD
20 February 20241 ERN = 0.3197 LYD
21 February 20241 ERN = 0.3198 LYD
22 February 20241 ERN = 0.3203 LYD
23 February 20241 ERN = 0.3192 LYD
24 February 20241 ERN = 0.3198 LYD
25 February 20241 ERN = 0.3198 LYD
26 February 20241 ERN = 0.3188 LYD
27 February 20241 ERN = 0.3198 LYD
28 February 20241 ERN = 0.3196 LYD
29 February 20241 ERN = 0.3187 LYD

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.

06/09/2018: Announcement of new dinar notes

The Central Bank of Libya announces the release of new dinar banknotes with enhanced security features to combat counterfeiting.

22/01/2015: Dollarization policy imposed

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

28/07/2014: Recognition of rival governments

The Libyan Supreme Court recognizes two rival governments, further fragmenting the country and impacting the value of the dinar.

17/02/2011: Start of the Libyan Civil War

The Libyan Civil War begins, leading to political instability and further devaluation of the Libyan dinar.

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.

07/04/1986: US imposes economic sanctions

The United States imposes economic sanctions on Libya, severely impacting the value and stability of the Libyan dinar.

02/03/1978: Establishment of the Central Bank of Libya

The Central Bank of Libya is established, becoming the sole authority responsible for issuing and managing the Libyan dinar.

08/09/1971: Introduction of the Libyan dinar

The Libyan pound is replaced by the Libyan dinar, at a rate of 1 dinar = 1 pound.

24/12/1951: Independence of Libya

Libya gains independence from Italy, introducing the Libyan pound as its currency.
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