Eritrean nakfa seychellois rupee history for September 2023. The highest quote for this month is 0.9301 (23/09/2023) and the lowest 0.9292 (30/09/2023). The difference between high and low is 0.1.
ERN SCR average rate for September 2023 is 0.85722, the change between 01/09/2023 and 30/09/2023 is -13.09 %.
01 September 2023 | 1 ERN = 0.8216 SCR |
05 September 2023 | 1 ERN = 0.8236 SCR |
06 September 2023 | 1 ERN = 0.8124 SCR |
11 September 2023 | 1 ERN = 0.8558 SCR |
18 September 2023 | 1 ERN = 0.8431 SCR |
23 September 2023 | 1 ERN = 0.9261 SCR |
24 September 2023 | 1 ERN = 0.9261 SCR |
25 September 2023 | 1 ERN = 0.8533 SCR |
26 September 2023 | 1 ERN = 0.8540 SCR |
27 September 2023 | 1 ERN = 0.8428 SCR |
29 September 2023 | 1 ERN = 0.7987 SCR |
30 September 2023 | 1 ERN = 0.9292 SCR |
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.