Historic Eritrean nakfa Arab Emirates Dirham

Eritrean nakfa arab emirates dirham history for February 2024. The highest quote for this month is 0.24405 (04/02/2024) and the lowest 0.24401 (03/02/2024). The difference between high and low is 0.02.

ERN AED average rate for February 2024 is 0.24382, the change between 01/02/2024 and 29/02/2024 is -0.14 %.

01 February 20241 ERN = 0.2437 AED
02 February 20241 ERN = 0.2440 AED
03 February 20241 ERN = 0.2440 AED
04 February 20241 ERN = 0.2440 AED
05 February 20241 ERN = 0.2437 AED
06 February 20241 ERN = 0.2440 AED
07 February 20241 ERN = 0.2437 AED
08 February 20241 ERN = 0.2440 AED
09 February 20241 ERN = 0.2437 AED
12 February 20241 ERN = 0.2440 AED
13 February 20241 ERN = 0.2437 AED
14 February 20241 ERN = 0.2437 AED
15 February 20241 ERN = 0.2440 AED
16 February 20241 ERN = 0.2437 AED
17 February 20241 ERN = 0.2437 AED
18 February 20241 ERN = 0.2437 AED
19 February 20241 ERN = 0.2437 AED
20 February 20241 ERN = 0.2440 AED
21 February 20241 ERN = 0.2437 AED
22 February 20241 ERN = 0.2440 AED
23 February 20241 ERN = 0.2437 AED
24 February 20241 ERN = 0.2437 AED
25 February 20241 ERN = 0.2437 AED
26 February 20241 ERN = 0.2440 AED
27 February 20241 ERN = 0.2437 AED
28 February 20241 ERN = 0.2440 AED
29 February 20241 ERN = 0.2440 AED

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.

17/06/2018: Introduction of New Banknotes

A new series of UAE dirham banknotes, featuring enhanced durability, 3D security features, and tactile marks for visually impaired individuals, is introduced.

22/01/2015: Dollarization policy imposed

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

01/01/2007: Security Enhancements

New security features, including holograms and advanced anti-counterfeiting measures, are added to the UAE dirham banknotes.

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.

01/12/2002: Introduction of Modern Coinage

A new series of UAE dirham coins, featuring modern designs and security features, is introduced.

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.

20/03/1995: Currency Peg to US Dollar

The UAE dirham is pegged to the United States dollar at a fixed exchange rate of 1 USD to 3.6725 AED.

01/01/1978: Currency Issuance Authority

The UAE Currency Issuing Authority is established, granting the authority to issue and manage the UAE dirham.

28/01/1973: Decoupling from Pound Sterling

The UAE dirham is officially decoupled from the British pound sterling and a new exchange rate is set.

02/12/1971: Formation of UAE

The United Arab Emirates is formed, resulting in the introduction of the UAE dirham as its official currency.
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