Historic Eritrean nakfa Mauritian Rupee

Eritrean nakfa mauritian rupee history for January 2024. The highest quote for this month is 3.0192 (28/01/2024) and the lowest 3.0192 (28/01/2024). The difference between high and low is 0.

ERN MUR average rate for January 2024 is 2.90205, the change between 01/01/2024 and 31/01/2024 is -0.39 %.

01 January 20241 ERN = 2.877 MUR
02 January 20241 ERN = 2.873 MUR
03 January 20241 ERN = 2.859 MUR
04 January 20241 ERN = 2.836 MUR
05 January 20241 ERN = 2.903 MUR
06 January 20241 ERN = 2.934 MUR
07 January 20241 ERN = 2.953 MUR
08 January 20241 ERN = 2.890 MUR
09 January 20241 ERN = 2.892 MUR
10 January 20241 ERN = 2.936 MUR
11 January 20241 ERN = 2.866 MUR
12 January 20241 ERN = 2.950 MUR
14 January 20241 ERN = 2.926 MUR
15 January 20241 ERN = 2.878 MUR
16 January 20241 ERN = 2.950 MUR
17 January 20241 ERN = 2.928 MUR
18 January 20241 ERN = 2.877 MUR
19 January 20241 ERN = 2.854 MUR
22 January 20241 ERN = 2.854 MUR
23 January 20241 ERN = 2.855 MUR
24 January 20241 ERN = 2.852 MUR
25 January 20241 ERN = 2.887 MUR
26 January 20241 ERN = 2.887 MUR
28 January 20241 ERN = 3.019 MUR
29 January 20241 ERN = 2.954 MUR
30 January 20241 ERN = 2.978 MUR
31 January 20241 ERN = 2.888 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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