Eritrean nakfa romanian leu exchange rate history (ERN RON) October 2023

Eritrean nakfa romanian leu history for October 2023. The highest quote for this month is 0.31563 (03/10/2023) and the lowest 0.31464 (03/10/2023). The difference between high and low is 0.31.

ERN RON average rate for October 2023 is 0.3119, the change between 01/10/2023 and 31/10/2023 is +0.56 %.

01 October 2023	1 ERN = 0.3122 RON
03 October 2023	1 ERN = 0.3146 RON
04 October 2023	1 ERN = 0.3150 RON
06 October 2023	1 ERN = 0.3127 RON
09 October 2023	1 ERN = 0.3120 RON
10 October 2023	1 ERN = 0.3115 RON
11 October 2023	1 ERN = 0.3108 RON
13 October 2023	1 ERN = 0.3126 RON
16 October 2023	1 ERN = 0.3129 RON
17 October 2023	1 ERN = 0.3122 RON
18 October 2023	1 ERN = 0.3120 RON
19 October 2023	1 ERN = 0.3127 RON
20 October 2023	1 ERN = 0.3119 RON
21 October 2023	1 ERN = 0.3115 RON
22 October 2023	1 ERN = 0.3119 RON
23 October 2023	1 ERN = 0.3113 RON
24 October 2023	1 ERN = 0.3088 RON
25 October 2023	1 ERN = 0.3110 RON
26 October 2023	1 ERN = 0.3113 RON
27 October 2023	1 ERN = 0.3116 RON
29 October 2023	1 ERN = 0.3114 RON
30 October 2023	1 ERN = 0.3114 RON
31 October 2023	1 ERN = 0.3104 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.

Historic Eritrean nakfa Romanian leu