Historic Eritrean nakfa Qatari Rial

Eritrean nakfa qatari rial history for February 2024. The highest quote for this month is 0.24186 (04/02/2024) and the lowest 0.24186 (04/02/2024). The difference between high and low is 0.

ERN QAR average rate for February 2024 is 0.24161, the change between 01/02/2024 and 29/02/2024 is -0.12 %.

01 February 20241 ERN = 0.2414 QAR
02 February 20241 ERN = 0.2418 QAR
03 February 20241 ERN = 0.2419 QAR
04 February 20241 ERN = 0.2419 QAR
05 February 20241 ERN = 0.2415 QAR
06 February 20241 ERN = 0.2418 QAR
07 February 20241 ERN = 0.2415 QAR
08 February 20241 ERN = 0.2418 QAR
09 February 20241 ERN = 0.2415 QAR
12 February 20241 ERN = 0.2418 QAR
13 February 20241 ERN = 0.2414 QAR
14 February 20241 ERN = 0.2414 QAR
15 February 20241 ERN = 0.2417 QAR
16 February 20241 ERN = 0.2414 QAR
17 February 20241 ERN = 0.2415 QAR
18 February 20241 ERN = 0.2415 QAR
19 February 20241 ERN = 0.2414 QAR
20 February 20241 ERN = 0.2418 QAR
21 February 20241 ERN = 0.2414 QAR
22 February 20241 ERN = 0.2418 QAR
23 February 20241 ERN = 0.2414 QAR
24 February 20241 ERN = 0.2415 QAR
25 February 20241 ERN = 0.2415 QAR
26 February 20241 ERN = 0.2418 QAR
27 February 20241 ERN = 0.2414 QAR
28 February 20241 ERN = 0.2417 QAR
29 February 20241 ERN = 0.2417 QAR

01/01/2021: Launch of a digital currency pilot program

Qatar announced the launch of a pilot program to test the use of a digital currency as part of its efforts to introduce blockchain technology in the financial sector.

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.

05/06/2017: Qatar diplomatic crisis affects the currency

Following the diplomatic crisis and blockade imposed by neighboring countries, the Qatari rial faced volatility and depreciated against major currencies.

27/05/2015: Qatari rial pegged to a basket of currencies

The Qatari rial's peg was diversified to include a basket of currencies, reducing its dependence on the US dollar.

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.

08/06/2001: Creation of the Qatar Central Bank

The Qatar Central Bank was established to replace the Qatar Currency Board and assume the responsibility of regulating the Qatari rial.

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.

27/07/1997: Qatar Currency Board established

The Qatar Currency Board was established to regulate the issuance and circulation of the Qatari rial and maintain its stability.

27/03/1976: Currency pegged to the US Dollar

The Qatari rial was pegged to the US dollar at a fixed exchange rate of 1 USD = 3.64 QAR to stabilize its value and promote trade.

24/06/1973: Introduction of Qatari Rial

Qatar officially introduced the Qatari rial as its currency, replacing the Gulf rupee at a rate of 1 rial = 1.65 rupees.
ERN QAR August 2023
ERN QAR September 2023
ERN QAR October 2023
ERN QAR November 2023
ERN QAR December 2023
ERN QAR January 2024
ERN QAR February 2024
ERN QAR March 2024
ERN QAR April 2024
ERN QAR May 2024
ERN QAR June 2024
ERN QAR July 2024
ERN QAR August 2024