Historic Eritrean nakfa Nepalese rupee

Eritrean nakfa nepalese rupee history for February 2024. The highest quote for this month is 8.8038 (03/02/2024) and the lowest 8.8155 (03/02/2024). The difference between high and low is -0.13.

ERN NPR average rate for February 2024 is 8.71629, the change between 01/02/2024 and 29/02/2024 is +0.05 %.

01 February 20241 ERN = 8.70 NPR
02 February 20241 ERN = 8.71 NPR
03 February 20241 ERN = 8.82 NPR
05 February 20241 ERN = 8.78 NPR
06 February 20241 ERN = 8.73 NPR
07 February 20241 ERN = 8.72 NPR
08 February 20241 ERN = 8.70 NPR
09 February 20241 ERN = 8.71 NPR
12 February 20241 ERN = 8.71 NPR
13 February 20241 ERN = 8.70 NPR
14 February 20241 ERN = 8.70 NPR
15 February 20241 ERN = 8.72 NPR
16 February 20241 ERN = 8.70 NPR
19 February 20241 ERN = 8.71 NPR
20 February 20241 ERN = 8.72 NPR
21 February 20241 ERN = 8.70 NPR
22 February 20241 ERN = 8.72 NPR
23 February 20241 ERN = 8.70 NPR
26 February 20241 ERN = 8.72 NPR
27 February 20241 ERN = 8.69 NPR
28 February 20241 ERN = 8.70 NPR
29 February 20241 ERN = 8.69 NPR

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.

20/09/2015: Adoption of New Constitution

Nepal adopted a new constitution, resulting in political unrest and affecting the Nepalese Rupee's stability.

22/01/2015: Dollarization policy imposed

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

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.

26/10/1999: Maoist Insurgency Begins

The start of the Maoist insurgency in Nepal led to political instability and economic challenges, impacting the value of the Nepalese Rupee.

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.

08/04/1993: Nepalese Rupee's Peg to Indian Rupee

The Nepalese Rupee was pegged to the Indian Rupee at a fixed exchange rate.

30/12/1972: Reintroduction of Nepalese Rupee

Nepal reintroduced the Nepalese Rupee as the official currency, separating it from the Indian Rupee.

12/03/1960: Replacement of Nepalese Rupee

The Nepalese Rupee was replaced by the Indian Rupee as the legal tender in Nepal.

15/12/1959: Nepal Rastra Bank Established

Nepal Rastra Bank, the central bank of Nepal, was established to oversee the monetary system and issue the Nepalese Rupee.

07/04/1932: Introduction of Nepalese Rupee

The Nepalese Rupee was officially introduced as the currency of Nepal, replacing the silver mohar.
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