Historic Eritrean nakfa Ugandan Shilling

Eritrean nakfa ugandan shilling history for December 2023. The highest quote for this month is 253.44 (02/12/2023) and the lowest 253.44 (02/12/2023). The difference between high and low is 0.

ERN UGX average rate for December 2023 is 249.51926, the change between 01/12/2023 and 31/12/2023 is +0.88 %.

01 December 20231 ERN = 250.9 UGX
02 December 20231 ERN = 253.4 UGX
03 December 20231 ERN = 253.4 UGX
04 December 20231 ERN = 250.1 UGX
05 December 20231 ERN = 249.2 UGX
06 December 20231 ERN = 249.4 UGX
07 December 20231 ERN = 247.8 UGX
08 December 20231 ERN = 248.2 UGX
10 December 20231 ERN = 252.5 UGX
11 December 20231 ERN = 247.8 UGX
12 December 20231 ERN = 249.8 UGX
13 December 20231 ERN = 249.6 UGX
14 December 20231 ERN = 249.1 UGX
15 December 20231 ERN = 248.0 UGX
16 December 20231 ERN = 252.1 UGX
17 December 20231 ERN = 252.1 UGX
18 December 20231 ERN = 249.1 UGX
19 December 20231 ERN = 247.5 UGX
20 December 20231 ERN = 247.4 UGX
21 December 20231 ERN = 247.1 UGX
22 December 20231 ERN = 247.0 UGX
23 December 20231 ERN = 252.5 UGX
24 December 20231 ERN = 252.1 UGX
26 December 20231 ERN = 247.6 UGX
27 December 20231 ERN = 247.4 UGX
28 December 20231 ERN = 247.1 UGX
29 December 20231 ERN = 248.7 UGX

03/06/2020: COVID-19 Impact on the Shilling

The Ugandan Shilling experienced a significant decline in value due to the economic impact of the COVID-19 pandemic.

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.

01/09/2013: Withdrawal of Old Currency Series

The old series of Ugandan Shilling notes were phased out and replaced with the new currency series.

01/07/2010: Issue of New Currency Series

Uganda issued a new series of currency notes with enhanced security features to reduce counterfeiting.

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.

02/05/2003: Introduction of Coins

Uganda introduced coins denominated in Shillings to replace lower-value notes and facilitate transactions.

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.

15/05/1987: Introduction of the 500 Shilling Note

A new 500 Shilling note was introduced to combat the rapid inflation and devaluation of the currency.

05/08/1972: Idi Amin's Currency Change

President Idi Amin ordered the demonetization of old Ugandan Shilling notes and replaced them with new ones, causing an economic crisis.

15/06/1966: Introduction of the Ugandan Shilling

The Ugandan Shilling was introduced as the official currency of Uganda following its independence from British colonial rule.
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