Historic Eritrean nakfa Omani rial

Eritrean nakfa omani rial history for February 2024. The highest quote for this month is 0.025581 (04/02/2024) and the lowest 0.025581 (03/02/2024). The difference between high and low is 0.

ERN OMR average rate for February 2024 is 0.02549, the change between 01/02/2024 and 29/02/2024 is -0.13 %.

01 February 20241 ERN = 0.0255 OMR
02 February 20241 ERN = 0.0255 OMR
03 February 20241 ERN = 0.0256 OMR
04 February 20241 ERN = 0.0256 OMR
05 February 20241 ERN = 0.0255 OMR
06 February 20241 ERN = 0.0255 OMR
07 February 20241 ERN = 0.0255 OMR
08 February 20241 ERN = 0.0255 OMR
09 February 20241 ERN = 0.0255 OMR
12 February 20241 ERN = 0.0255 OMR
13 February 20241 ERN = 0.0255 OMR
14 February 20241 ERN = 0.0255 OMR
15 February 20241 ERN = 0.0255 OMR
16 February 20241 ERN = 0.0255 OMR
17 February 20241 ERN = 0.0255 OMR
18 February 20241 ERN = 0.0255 OMR
19 February 20241 ERN = 0.0255 OMR
20 February 20241 ERN = 0.0255 OMR
21 February 20241 ERN = 0.0255 OMR
22 February 20241 ERN = 0.0255 OMR
23 February 20241 ERN = 0.0255 OMR
24 February 20241 ERN = 0.0255 OMR
25 February 20241 ERN = 0.0255 OMR
26 February 20241 ERN = 0.0255 OMR
27 February 20241 ERN = 0.0254 OMR
28 February 20241 ERN = 0.0255 OMR
29 February 20241 ERN = 0.0255 OMR

16/03/2021: New 5 Rial Polymer Banknote Introduced

A new polymer banknote with a denomination of 5 rials was introduced, enhancing durability and security features of the currency.

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.

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.

15/01/2003: New Omani Rial Banknotes Issued

New series of Omani rial banknotes were introduced, featuring enhanced security features and updated designs.

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.

12/06/1994: Smaller Denomination Coins Issued

Small denomination coins, including 5, 10, 25, and 50 baisa coins, were issued in order to facilitate everyday transactions.

17/03/1986: 200 Baisa Coin Introduced

A new 200 baisa coin was introduced, becoming the highest denomination coin in circulation at that time.

11/11/1975: 1/8 Rial Copper-Nickel Coin Introduced

A new 1/8 rial coin made of copper-nickel was introduced, representing a fractional value of the rial currency.

02/03/1973: Rial Oman Pegged to US Dollar

The Omani rial was officially pegged to the United States dollar, with an exchange rate of 1 OMR = 2.895 USD.

27/07/1970: Rial Oman is Introduced

The Omani rial was introduced, replacing the Gulf rupee at a rate of 1 rial = 2.6008 rupees.
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