Historic Eritrean nakfa Seychellois Rupee

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 20231 ERN = 0.8216 SCR
05 September 20231 ERN = 0.8236 SCR
06 September 20231 ERN = 0.8124 SCR
11 September 20231 ERN = 0.8558 SCR
18 September 20231 ERN = 0.8431 SCR
23 September 20231 ERN = 0.9261 SCR
24 September 20231 ERN = 0.9261 SCR
25 September 20231 ERN = 0.8533 SCR
26 September 20231 ERN = 0.8540 SCR
27 September 20231 ERN = 0.8428 SCR
29 September 20231 ERN = 0.7987 SCR
30 September 20231 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.