Historic Eritrean nakfa Maldivian rufiyaa

Eritrean nakfa maldivian rufiyaa history for January 2024. The highest quote for this month is 1.0246 (14/01/2024) and the lowest 1.0246 (14/01/2024). The difference between high and low is 0.

ERN MVR average rate for January 2024 is 1.01369, the change between 01/01/2024 and 31/01/2024 is -0.27 %.

01 January 20241 ERN = 1.011 MVR
02 January 20241 ERN = 1.012 MVR
03 January 20241 ERN = 1.013 MVR
04 January 20241 ERN = 1.011 MVR
05 January 20241 ERN = 1.013 MVR
06 January 20241 ERN = 1.023 MVR
07 January 20241 ERN = 1.023 MVR
08 January 20241 ERN = 1.013 MVR
09 January 20241 ERN = 1.012 MVR
10 January 20241 ERN = 1.013 MVR
11 January 20241 ERN = 1.011 MVR
12 January 20241 ERN = 1.013 MVR
14 January 20241 ERN = 1.025 MVR
15 January 20241 ERN = 1.012 MVR
16 January 20241 ERN = 1.012 MVR
17 January 20241 ERN = 1.013 MVR
18 January 20241 ERN = 1.013 MVR
19 January 20241 ERN = 1.014 MVR
22 January 20241 ERN = 1.012 MVR
23 January 20241 ERN = 1.013 MVR
24 January 20241 ERN = 1.012 MVR
25 January 20241 ERN = 1.012 MVR
26 January 20241 ERN = 1.009 MVR
28 January 20241 ERN = 1.023 MVR
29 January 20241 ERN = 1.010 MVR
30 January 20241 ERN = 1.009 MVR
31 January 20241 ERN = 1.013 MVR

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.

15/01/2019: Introduction of New Banknotes

New series of banknotes with enhanced security features and improved designs were introduced by the Maldives Monetary Authority.

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.

01/09/2014: Introduction of Polymer Banknotes

Polymer banknotes were introduced in the Maldives, replacing the traditional paper banknotes, enhancing their durability and security features.

01/07/2011: Redenomination of the Rufiyaa

The Maldivian Rufiyaa underwent redenomination, with new banknotes and coins introduced to simplify transactions and reduce the number of zeros.

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.

01/01/2002: Decimalization of the Rufiyaa

The Maldivian Rufiyaa was decimalized, with 100 laari equaling 1 Rufiyaa, replacing the previous system of 1 Rufiyaa equalling 100 lari.

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.

01/09/1983: Introduction of the Maldivian Rufiyaa

The Maldivian Rufiyaa was introduced as the new currency, replacing the Maldivian Rupee at a 1:1 exchange rate.

01/09/1981: Establishment of the Maldives Monetary Authority

The Maldives Monetary Authority (MMA) was established as the central bank of the Maldives, responsible for issuing and managing the currency.

22/10/1947: Introduction of the Maldivian Rupee

The Maldivian Indian Rupee was adopted as the official currency of the Maldives, replacing the Ceylonese Rupee.
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