Historic Eritrean nakfa Mauritian Rupee

Eritrean nakfa mauritian rupee history for February 2024. The highest quote for this month is 3.1022 (17/02/2024) and the lowest 3.1022 (17/02/2024). The difference between high and low is 0.

ERN MUR average rate for February 2024 is 2.98491, the change between 01/02/2024 and 29/02/2024 is +0.32 %.

01 February 20241 ERN = 2.916 MUR
02 February 20241 ERN = 2.920 MUR
03 February 20241 ERN = 3.025 MUR
04 February 20241 ERN = 3.047 MUR
05 February 20241 ERN = 2.976 MUR
06 February 20241 ERN = 2.944 MUR
07 February 20241 ERN = 3.003 MUR
08 February 20241 ERN = 2.952 MUR
09 February 20241 ERN = 2.977 MUR
12 February 20241 ERN = 2.962 MUR
13 February 20241 ERN = 2.918 MUR
14 February 20241 ERN = 3.003 MUR
15 February 20241 ERN = 3.047 MUR
16 February 20241 ERN = 2.964 MUR
17 February 20241 ERN = 3.102 MUR
18 February 20241 ERN = 3.102 MUR
19 February 20241 ERN = 3.102 MUR
20 February 20241 ERN = 2.965 MUR
21 February 20241 ERN = 2.973 MUR
22 February 20241 ERN = 2.949 MUR
23 February 20241 ERN = 2.971 MUR
24 February 20241 ERN = 3.017 MUR
25 February 20241 ERN = 3.017 MUR
26 February 20241 ERN = 2.948 MUR
27 February 20241 ERN = 2.941 MUR
28 February 20241 ERN = 2.945 MUR
29 February 20241 ERN = 2.907 MUR

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.

22/01/2015: Dollarization policy imposed

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

15/02/2013: Launch of New MUR Banknotes

New series of Mauritian Rupee banknotes were launched, featuring enhanced security features and updated designs, reflecting the rich cultural heritage of Mauritius.

08/09/2007: Currency Reform and New Coinage System

A currency reform was implemented, introducing new coins denominated in cents, with the aim of streamlining and modernizing the monetary system.

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.

03/08/1999: Establishment of Bank of Mauritius

Bank of Mauritius Act was enacted, establishing the central bank responsible for the formulation and implementation of monetary policy in the country.

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.

01/07/1994: Conversion to Decimal Currency System

Mauritian Rupee adopted the decimal currency system, replacing the previous pound-based system, with 1 Rupee consisting of 100 cents.

01/07/1992: Introduction of Polymer Banknotes

Polymer-based banknotes were introduced in Mauritius, replacing the traditional paper notes, to improve durability and security against counterfeiting.

01/10/1979: Decentralization of Currency Printing

Printing of Mauritian Rupee banknotes was decentralized from the Bank of England to Mauritius, leading to enhanced national monetary control.

12/06/1967: Introduction of Mauritian Rupee

Mauritian Rupee was introduced as the official currency replacing the Mauritian Pound, with an initial exchange rate of 1 Rupee to 10 Shillings.
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