Historic Eritrean nakfa Tanzanian Shilling

Eritrean nakfa tanzanian shilling history for October 2023. The highest quote for this month is 167.11 (09/10/2023) and the lowest 166.44 (03/10/2023). The difference between high and low is 0.4.

ERN TZS average rate for October 2023 is 166.00625, the change between 01/10/2023 and 31/10/2023 is +0.2 %.

01 October 20231 ERN = 166.4 TZS
03 October 20231 ERN = 166.6 TZS
04 October 20231 ERN = 166.6 TZS
06 October 20231 ERN = 163.0 TZS
07 October 20231 ERN = 166.4 TZS
09 October 20231 ERN = 166.8 TZS
10 October 20231 ERN = 167.1 TZS
11 October 20231 ERN = 166.8 TZS
13 October 20231 ERN = 166.8 TZS
16 October 20231 ERN = 166.2 TZS
17 October 20231 ERN = 166.2 TZS
18 October 20231 ERN = 166.4 TZS
19 October 20231 ERN = 166.4 TZS
20 October 20231 ERN = 166.8 TZS
21 October 20231 ERN = 165.9 TZS
22 October 20231 ERN = 165.9 TZS
23 October 20231 ERN = 166.0 TZS
24 October 20231 ERN = 166.0 TZS
25 October 20231 ERN = 166.2 TZS
26 October 20231 ERN = 166.0 TZS
27 October 20231 ERN = 166.0 TZS
29 October 20231 ERN = 165.4 TZS
30 October 20231 ERN = 162.5 TZS
31 October 20231 ERN = 166.1 TZS

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.