Historic Eritrean nakfa Samoan Tala

Eritrean nakfa samoan tala history for February 2024. The highest quote for this month is 0.18289 (14/02/2024) and the lowest 0.18283 (06/02/2024). The difference between high and low is 0.03.

ERN WST average rate for February 2024 is 0.18068, the change between 01/02/2024 and 29/02/2024 is -0.55 %.

01 February 20241 ERN = 0.1814 WST
02 February 20241 ERN = 0.1816 WST
03 February 20241 ERN = 0.1816 WST
04 February 20241 ERN = 0.1816 WST
05 February 20241 ERN = 0.1823 WST
06 February 20241 ERN = 0.1828 WST
07 February 20241 ERN = 0.1778 WST
08 February 20241 ERN = 0.1781 WST
09 February 20241 ERN = 0.1822 WST
12 February 20241 ERN = 0.1818 WST
13 February 20241 ERN = 0.1817 WST
14 February 20241 ERN = 0.1778 WST
15 February 20241 ERN = 0.1781 WST
16 February 20241 ERN = 0.1778 WST
17 February 20241 ERN = 0.1778 WST
18 February 20241 ERN = 0.1778 WST
19 February 20241 ERN = 0.1817 WST
20 February 20241 ERN = 0.1818 WST
21 February 20241 ERN = 0.1812 WST
22 February 20241 ERN = 0.1815 WST
23 February 20241 ERN = 0.1810 WST
24 February 20241 ERN = 0.1810 WST
25 February 20241 ERN = 0.1810 WST
26 February 20241 ERN = 0.1812 WST
27 February 20241 ERN = 0.1813 WST
28 February 20241 ERN = 0.1815 WST
29 February 20241 ERN = 0.1824 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.
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