Historic Eritrean nakfa Samoan Tala

Eritrean nakfa samoan tala history for January 2024. The highest quote for this month is 0.18193 (24/01/2024) and the lowest 0.18217 (24/01/2024). The difference between high and low is -0.13.

ERN WST average rate for January 2024 is 0.17914, the change between 01/01/2024 and 31/01/2024 is -0.11 %.

01 January 20241 ERN = 0.1779 WST
02 January 20241 ERN = 0.1784 WST
03 January 20241 ERN = 0.1796 WST
04 January 20241 ERN = 0.1778 WST
05 January 20241 ERN = 0.1778 WST
06 January 20241 ERN = 0.1778 WST
07 January 20241 ERN = 0.1778 WST
08 January 20241 ERN = 0.1781 WST
09 January 20241 ERN = 0.1778 WST
10 January 20241 ERN = 0.1781 WST
11 January 20241 ERN = 0.1778 WST
12 January 20241 ERN = 0.1781 WST
14 January 20241 ERN = 0.1781 WST
15 January 20241 ERN = 0.1778 WST
16 January 20241 ERN = 0.1778 WST
17 January 20241 ERN = 0.1817 WST
18 January 20241 ERN = 0.1818 WST
19 January 20241 ERN = 0.1781 WST
22 January 20241 ERN = 0.1815 WST
23 January 20241 ERN = 0.1821 WST
24 January 20241 ERN = 0.1819 WST
25 January 20241 ERN = 0.1816 WST
26 January 20241 ERN = 0.1778 WST
28 January 20241 ERN = 0.1778 WST
29 January 20241 ERN = 0.1820 WST
30 January 20241 ERN = 0.1815 WST
31 January 20241 ERN = 0.1781 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.