Historic Eritrean nakfa Samoan Tala

Eritrean nakfa samoan tala history for December 2023. The highest quote for this month is 0.18163 (13/12/2023) and the lowest 0.18153 (12/12/2023). The difference between high and low is 0.06.

ERN WST average rate for December 2023 is 0.17842, the change between 01/12/2023 and 31/12/2023 is +1.88 %.

01 December 20231 ERN = 0.1813 WST
02 December 20231 ERN = 0.1781 WST
03 December 20231 ERN = 0.1781 WST
04 December 20231 ERN = 0.1781 WST
05 December 20231 ERN = 0.1779 WST
06 December 20231 ERN = 0.1813 WST
07 December 20231 ERN = 0.1779 WST
08 December 20231 ERN = 0.1781 WST
10 December 20231 ERN = 0.1781 WST
11 December 20231 ERN = 0.1779 WST
12 December 20231 ERN = 0.1815 WST
13 December 20231 ERN = 0.1779 WST
14 December 20231 ERN = 0.1781 WST
15 December 20231 ERN = 0.1779 WST
16 December 20231 ERN = 0.1779 WST
17 December 20231 ERN = 0.1779 WST
18 December 20231 ERN = 0.1781 WST
19 December 20231 ERN = 0.1779 WST
20 December 20231 ERN = 0.1781 WST
21 December 20231 ERN = 0.1781 WST
22 December 20231 ERN = 0.1781 WST
23 December 20231 ERN = 0.1781 WST
24 December 20231 ERN = 0.1779 WST
26 December 20231 ERN = 0.1792 WST
27 December 20231 ERN = 0.1779 WST
28 December 20231 ERN = 0.1781 WST
29 December 20231 ERN = 0.1779 WST

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.