Historic Eritrean nakfa Libyan dinar

Eritrean nakfa libyan dinar history for January 2024. The highest quote for this month is 0.31929 (26/01/2024) and the lowest 0.31883 (28/01/2024). The difference between high and low is 0.14.

ERN LYD average rate for January 2024 is 0.31741, the change between 01/01/2024 and 31/01/2024 is -1.46 %.

01 January 20241 ERN = 0.3150 LYD
02 January 20241 ERN = 0.3153 LYD
03 January 20241 ERN = 0.3156 LYD
04 January 20241 ERN = 0.3152 LYD
05 January 20241 ERN = 0.3172 LYD
06 January 20241 ERN = 0.3178 LYD
07 January 20241 ERN = 0.3178 LYD
08 January 20241 ERN = 0.3163 LYD
09 January 20241 ERN = 0.3172 LYD
10 January 20241 ERN = 0.3169 LYD
11 January 20241 ERN = 0.3165 LYD
12 January 20241 ERN = 0.3169 LYD
14 January 20241 ERN = 0.3182 LYD
15 January 20241 ERN = 0.3159 LYD
16 January 20241 ERN = 0.3163 LYD
17 January 20241 ERN = 0.3183 LYD
18 January 20241 ERN = 0.3185 LYD
19 January 20241 ERN = 0.3189 LYD
22 January 20241 ERN = 0.3175 LYD
23 January 20241 ERN = 0.3189 LYD
24 January 20241 ERN = 0.3179 LYD
25 January 20241 ERN = 0.3185 LYD
26 January 20241 ERN = 0.3179 LYD
28 January 20241 ERN = 0.3192 LYD
29 January 20241 ERN = 0.3185 LYD
30 January 20241 ERN = 0.3185 LYD
31 January 20241 ERN = 0.3196 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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