Historic Eritrean nakfa Somali shilling

Eritrean nakfa somali shilling history for March 2024. The highest quote for this month is 37.741 (12/03/2024) and the lowest 37.741 (01/03/2024). The difference between high and low is 0.

ERN SOS average rate for March 2024 is 37.716, the change between 01/03/2024 and 31/03/2024 is -0.13 %.

01 March 20241 ERN = 37.69 SOS
04 March 20241 ERN = 37.74 SOS
05 March 20241 ERN = 37.69 SOS
06 March 20241 ERN = 37.69 SOS
07 March 20241 ERN = 37.74 SOS
08 March 20241 ERN = 37.69 SOS
11 March 20241 ERN = 37.74 SOS
12 March 20241 ERN = 37.74 SOS

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.