Historic Eritrean nakfa Russian ruble

Eritrean nakfa russian ruble history for December 2023. The highest quote for this month is 6.206 (07/12/2023) and the lowest 6.1329 (24/12/2023). The difference between high and low is 1.18.

ERN RUB average rate for December 2023 is 6.04372, the change between 01/12/2023 and 31/12/2023 is +1.8 %.

01 December 20231 ERN = 5.98 RUB
02 December 20231 ERN = 6.06 RUB
03 December 20231 ERN = 6.02 RUB
04 December 20231 ERN = 6.06 RUB
05 December 20231 ERN = 6.07 RUB
06 December 20231 ERN = 5.99 RUB
07 December 20231 ERN = 6.16 RUB
08 December 20231 ERN = 6.14 RUB
10 December 20231 ERN = 6.10 RUB
11 December 20231 ERN = 6.11 RUB
12 December 20231 ERN = 6.03 RUB
13 December 20231 ERN = 5.99 RUB
14 December 20231 ERN = 5.93 RUB
15 December 20231 ERN = 5.94 RUB
16 December 20231 ERN = 6.01 RUB
17 December 20231 ERN = 6.00 RUB
18 December 20231 ERN = 6.02 RUB
19 December 20231 ERN = 6.00 RUB
20 December 20231 ERN = 6.01 RUB
21 December 20231 ERN = 5.98 RUB
22 December 20231 ERN = 6.17 RUB
23 December 20231 ERN = 6.13 RUB
24 December 20231 ERN = 6.12 RUB
26 December 20231 ERN = 6.11 RUB
27 December 20231 ERN = 6.08 RUB
28 December 20231 ERN = 6.09 RUB
29 December 20231 ERN = 5.87 RUB

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.

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.