Historic Eritrean nakfa Romanian leu

Eritrean nakfa romanian leu history for February 2024. The highest quote for this month is 0.30871 (14/02/2024) and the lowest 0.30769 (14/02/2024). The difference between high and low is 0.33.

ERN RON average rate for February 2024 is 0.30577, the change between 01/02/2024 and 29/02/2024 is +0.34 %.

01 February 20241 ERN = 0.3053 RON
02 February 20241 ERN = 0.3035 RON
03 February 20241 ERN = 0.3061 RON
04 February 20241 ERN = 0.3059 RON
05 February 20241 ERN = 0.3055 RON
06 February 20241 ERN = 0.3074 RON
07 February 20241 ERN = 0.3067 RON
08 February 20241 ERN = 0.3066 RON
09 February 20241 ERN = 0.3061 RON
12 February 20241 ERN = 0.3065 RON
13 February 20241 ERN = 0.3062 RON
14 February 20241 ERN = 0.3081 RON
15 February 20241 ERN = 0.3078 RON
16 February 20241 ERN = 0.3063 RON
17 February 20241 ERN = 0.3063 RON
18 February 20241 ERN = 0.3063 RON
19 February 20241 ERN = 0.3066 RON
20 February 20241 ERN = 0.3066 RON
21 February 20241 ERN = 0.3050 RON
22 February 20241 ERN = 0.3053 RON
23 February 20241 ERN = 0.3047 RON
24 February 20241 ERN = 0.3049 RON
25 February 20241 ERN = 0.3050 RON
26 February 20241 ERN = 0.3055 RON
27 February 20241 ERN = 0.3037 RON
28 February 20241 ERN = 0.3041 RON
29 February 20241 ERN = 0.3042 RON

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.

01/04/2019: Romania plans to adopt the euro

The Romanian government announces its intention to join the Eurozone and set a target date for adopting the euro as the national currency.

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.

01/06/2005: Currency redenomination

Romania underwent a currency redenomination, with 10,000 old lei being exchanged for 1 new leu, to simplify transactions and eliminate zeros.

01/07/2003: Romania joins EU Accession

As part of joining the European Union, Romania pledges to adopt the euro in the future, aiming for greater economic integration.

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.

28/02/1991: End of communist era

As communism collapsed, Romania undergoes economic reforms and introduces a free-floating exchange rate system for the leu.

30/12/1947: Communist regime introduces new leu

In an attempt to devalue the currency and control the economy, the Communist regime introduces a new leu at a ratio of 1:20,000.

01/03/1901: Introduction of the gold standard

Romanian leu was tied to the gold standard, ensuring the stability of the currency and attracting foreign investments.

01/04/1867: Creation of the Romanian leu

The leu was established as the official currency of Romania, replacing the previous currencies in circulation.
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