Historic Eritrean nakfa Singapore dollar

Eritrean nakfa singapore dollar history for February 2024. The highest quote for this month is 0.089693 (14/02/2024) and the lowest 0.089568 (14/02/2024). The difference between high and low is 0.14.

ERN SGD average rate for February 2024 is 0.08926, the change between 01/02/2024 and 29/02/2024 is -0.55 %.

01 February 20241 ERN = 0.0889 SGD
02 February 20241 ERN = 0.0888 SGD
03 February 20241 ERN = 0.0892 SGD
04 February 20241 ERN = 0.0891 SGD
05 February 20241 ERN = 0.0892 SGD
06 February 20241 ERN = 0.0895 SGD
07 February 20241 ERN = 0.0892 SGD
08 February 20241 ERN = 0.0893 SGD
09 February 20241 ERN = 0.0894 SGD
12 February 20241 ERN = 0.0894 SGD
13 February 20241 ERN = 0.0892 SGD
14 February 20241 ERN = 0.0897 SGD
15 February 20241 ERN = 0.0896 SGD
16 February 20241 ERN = 0.0893 SGD
17 February 20241 ERN = 0.0893 SGD
18 February 20241 ERN = 0.0893 SGD
19 February 20241 ERN = 0.0893 SGD
20 February 20241 ERN = 0.0895 SGD
21 February 20241 ERN = 0.0892 SGD
22 February 20241 ERN = 0.0893 SGD
23 February 20241 ERN = 0.0891 SGD
24 February 20241 ERN = 0.0891 SGD
25 February 20241 ERN = 0.0891 SGD
26 February 20241 ERN = 0.0893 SGD
27 February 20241 ERN = 0.0892 SGD
28 February 20241 ERN = 0.0893 SGD
29 February 20241 ERN = 0.0894 SGD

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.

30/03/2020: SGD in COVID-19 Pandemic

The SGD faces volatility and fluctuations in value due to the economic impact of the COVID-19 pandemic.

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.

13/10/2016: Celebrating 50 Years of Currency

Singapore commemorates 50 years of Singapore currency, showcasing the success and stability of the SGD.

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.

21/07/2003: Currency Interchangeability Agreement with Brunei

The SGD and Brunei dollar become interchangeable at par value, enhancing economic cooperation between the two countries.

02/01/2001: Floatation of SGD

Singapore allows the SGD to float freely against other currencies, abandoning the exchange rate peg and adopting a managed float system.

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.

01/03/1973: Pegging to a Basket of Currencies

The SGD is pegged to a basket of currencies, leading to increased stability and reduced reliance on a single currency.

12/06/1967: Monetary Agreement with Malaysia

Singapore withdrew from the Malaysian dollar and issued its own currency.

12/06/1965: Independence of Singapore

The Singapore dollar (SGD) is introduced as the official currency upon Singapore's separation from Malaysia.
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