Eritrean nakfa namibian dollar exchange rate history (ERN NAD) December 2023

Eritrean nakfa namibian dollar history for December 2023. The highest quote for this month is 1.2661 (14/12/2023) and the lowest 1.2678 (14/12/2023). The difference between high and low is -0.13.

ERN NAD average rate for December 2023 is 1.238, the change between 01/12/2023 and 31/12/2023 is +1.84 %.

01 December 2023	1 ERN = 1.243 NAD
02 December 2023	1 ERN = 1.237 NAD
03 December 2023	1 ERN = 1.237 NAD
04 December 2023	1 ERN = 1.236 NAD
05 December 2023	1 ERN = 1.234 NAD
06 December 2023	1 ERN = 1.261 NAD
07 December 2023	1 ERN = 1.254 NAD
08 December 2023	1 ERN = 1.245 NAD
10 December 2023	1 ERN = 1.259 NAD
11 December 2023	1 ERN = 1.259 NAD
12 December 2023	1 ERN = 1.265 NAD
13 December 2023	1 ERN = 1.265 NAD
14 December 2023	1 ERN = 1.268 NAD
15 December 2023	1 ERN = 1.266 NAD
16 December 2023	1 ERN = 1.217 NAD
17 December 2023	1 ERN = 1.217 NAD
18 December 2023	1 ERN = 1.268 NAD
19 December 2023	1 ERN = 1.212 NAD
20 December 2023	1 ERN = 1.214 NAD
21 December 2023	1 ERN = 1.213 NAD
22 December 2023	1 ERN = 1.213 NAD
23 December 2023	1 ERN = 1.223 NAD
24 December 2023	1 ERN = 1.224 NAD
26 December 2023	1 ERN = 1.219 NAD
27 December 2023	1 ERN = 1.236 NAD
28 December 2023	1 ERN = 1.221 NAD
29 December 2023	1 ERN = 1.220 NAD

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.

26/01/2016: New N$100 and N$200 Banknotes Introduced

Namibia introduced new banknotes of N$100 and N$200 denominations to address the need for higher-value currency in the growing economy.

22/01/2015: Dollarization policy imposed

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

30/08/2012: Introduction of N$10 Commemorative Banknote

Namibia introduced a commemorative banknote of N$10 to celebrate the centenary of the country's struggle for independence.

27/10/2008: Financial Crisis Impact

Due to the global financial crisis, the Namibian dollar experienced a depreciation against major currencies, affecting the country's economy.

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: Replacement of Old Banknotes

Old banknotes of the Namibian dollar were demonetized, and new banknotes became the only valid currency.

01/06/1999: Introduction of New Banknotes and Coins

New series of banknotes and coins were introduced in Namibia, featuring indigenous wildlife and cultural symbols.

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.

30/08/1993: Dollarization of Namibia

Namibia adopted the Namibian dollar as its sole legal tender, replacing the South African rand as the official currency.

21/03/1990: Independence of Namibia

Namibia gained independence from South Africa, leading to the introduction of the Namibian dollar as the official currency of the newly established country.

Historic Eritrean nakfa Namibian dollar