Historic Eritrean nakfa Ugandan Shilling

Eritrean nakfa ugandan shilling history for February 2024. The highest quote for this month is 259.48 (27/02/2024) and the lowest 259.74 (26/02/2024). The difference between high and low is -0.1.

ERN UGX average rate for February 2024 is 254.45444, the change between 01/02/2024 and 29/02/2024 is -3.41 %.

01 February 20241 ERN = 249.9 UGX
02 February 20241 ERN = 250.9 UGX
03 February 20241 ERN = 252.8 UGX
04 February 20241 ERN = 252.8 UGX
05 February 20241 ERN = 252.9 UGX
06 February 20241 ERN = 251.6 UGX
07 February 20241 ERN = 251.1 UGX
08 February 20241 ERN = 251.4 UGX
09 February 20241 ERN = 252.0 UGX
12 February 20241 ERN = 253.3 UGX
13 February 20241 ERN = 253.4 UGX
14 February 20241 ERN = 253.7 UGX
15 February 20241 ERN = 254.4 UGX
16 February 20241 ERN = 253.9 UGX
17 February 20241 ERN = 256.5 UGX
18 February 20241 ERN = 256.5 UGX
19 February 20241 ERN = 254.3 UGX
20 February 20241 ERN = 254.8 UGX
21 February 20241 ERN = 254.9 UGX
22 February 20241 ERN = 255.9 UGX
23 February 20241 ERN = 255.6 UGX
24 February 20241 ERN = 256.5 UGX
25 February 20241 ERN = 256.5 UGX
26 February 20241 ERN = 258.5 UGX
27 February 20241 ERN = 259.4 UGX
28 February 20241 ERN = 258.4 UGX
29 February 20241 ERN = 258.5 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.
ERN UGX August 2023
ERN UGX September 2023
ERN UGX October 2023
ERN UGX November 2023
ERN UGX December 2023
ERN UGX January 2024
ERN UGX February 2024
ERN UGX March 2024
ERN UGX April 2024
ERN UGX May 2024
ERN UGX June 2024
ERN UGX July 2024
ERN UGX August 2024