Historic Eritrean nakfa Rwandan franc

Eritrean nakfa rwandan franc history for February 2024. The highest quote for this month is 85.198 (27/02/2024) and the lowest 84.094 (24/02/2024). The difference between high and low is 1.3.

ERN RWF average rate for February 2024 is 83.77093, the change between 01/02/2024 and 29/02/2024 is +0.04 %.

01 February 20241 ERN = 83.74 RWF
02 February 20241 ERN = 83.72 RWF
03 February 20241 ERN = 83.88 RWF
04 February 20241 ERN = 83.88 RWF
05 February 20241 ERN = 84.18 RWF
06 February 20241 ERN = 83.62 RWF
07 February 20241 ERN = 83.81 RWF
08 February 20241 ERN = 83.99 RWF
09 February 20241 ERN = 83.74 RWF
12 February 20241 ERN = 83.47 RWF
13 February 20241 ERN = 83.81 RWF
14 February 20241 ERN = 83.88 RWF
15 February 20241 ERN = 83.26 RWF
16 February 20241 ERN = 83.08 RWF
17 February 20241 ERN = 83.96 RWF
18 February 20241 ERN = 83.96 RWF
19 February 20241 ERN = 83.56 RWF
20 February 20241 ERN = 83.64 RWF
21 February 20241 ERN = 83.15 RWF
22 February 20241 ERN = 83.19 RWF
23 February 20241 ERN = 83.28 RWF
24 February 20241 ERN = 84.09 RWF
25 February 20241 ERN = 84.09 RWF
26 February 20241 ERN = 83.75 RWF
27 February 20241 ERN = 83.94 RWF
28 February 20241 ERN = 85.45 RWF
29 February 20241 ERN = 83.71 RWF

24/06/2020: Rwandan Franc Devaluation

The central bank of Rwanda announced a gradual devaluation of the Rwandan franc to enhance export competitiveness and stimulate economic growth.

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.

03/12/2008: New Currency Series

A new series of Rwandan franc banknotes was introduced, featuring updated security features and designs.

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.

01/01/2004: East African Community

Rwanda joined the East African Community, leading to increased economic integration and cooperation within the region.

03/12/1998: Currency Redenomination

The Rwandan franc underwent a redenomination, with 100 old francs being replaced by 1 new franc.

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.

07/04/1995: Rwandan Genocide

The Rwandan Genocide began, causing economic instability and inflation for the Rwandan franc.

01/12/1973: Currency Reform

A currency reform was implemented, introducing a new series of Rwandan franc banknotes.

25/06/1964: Introduction of the Rwandan Franc

The Rwandan franc was introduced as the official currency of Rwanda, replacing the East African shilling.
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