Historic Eritrean nakfa Sri Lankan rupee

Eritrean nakfa sri lankan rupee history for January 2024. The highest quote for this month is 21.354 (01/01/2024) and the lowest 21.367 (06/01/2024). The difference between high and low is -0.06.

ERN LKR average rate for January 2024 is 21.12592, the change between 01/01/2024 and 31/01/2024 is +2.2 %.

01 January 20241 ERN = 21.32 LKR
02 January 20241 ERN = 21.34 LKR
03 January 20241 ERN = 21.19 LKR
04 January 20241 ERN = 21.20 LKR
05 January 20241 ERN = 21.21 LKR
06 January 20241 ERN = 21.34 LKR
08 January 20241 ERN = 21.25 LKR
09 January 20241 ERN = 21.19 LKR
10 January 20241 ERN = 21.22 LKR
11 January 20241 ERN = 21.22 LKR
12 January 20241 ERN = 21.23 LKR
15 January 20241 ERN = 21.15 LKR
16 January 20241 ERN = 21.15 LKR
17 January 20241 ERN = 21.19 LKR
18 January 20241 ERN = 21.09 LKR
19 January 20241 ERN = 21.13 LKR
22 January 20241 ERN = 21.03 LKR
23 January 20241 ERN = 21.05 LKR
24 January 20241 ERN = 21.01 LKR
25 January 20241 ERN = 20.92 LKR
26 January 20241 ERN = 20.93 LKR
29 January 20241 ERN = 20.92 LKR
30 January 20241 ERN = 20.88 LKR
31 January 20241 ERN = 20.85 LKR

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.

16/12/2016: Demonetization of 50 Rupee Note

The 50 Rupee banknote was demonetized, leading to widespread confusion and inconvenience as people rushed to exchange their old notes.

22/01/2015: Dollarization policy imposed

Eritrea imposed a dollarization policy, making the US dollar the predominant currency for most transactions.

01/01/2010: Decimalization of Rupee

The Rupee was decimalized, with the introduction of coins denominated in cents, replacing the previous system of cents represented as a fraction of a Rupee.

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.

17/08/2005: Series of New Banknotes

A new series of banknotes featuring improved security features and a more vibrant design was introduced to combat counterfeiting.

01/06/2001: Introduction of 10 Rupee Coin

The 10 Rupee coin was introduced, replacing the 10 Rupee banknotes, to reduce the cost of production and improve durability.

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.

01/07/1977: Floating Exchange Rate

Sri Lanka shifted to a floating exchange rate regime, allowing the value of the Rupee to fluctuate based on market forces.

22/05/1972: Ceylon becomes Sri Lanka

The country changes its name from Ceylon to Sri Lanka, and the currency is renamed Sri Lankan Rupee (LKR).

22/06/1966: Introduction of the Ceylon Rupee

The Ceylon Rupee was established as the official currency of Sri Lanka, replacing the Indian Rupee at a rate of 1:2.
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