Historic Eritrean nakfa Ugandan Shilling

Eritrean nakfa ugandan shilling history for January 2024. The highest quote for this month is 252.5 (28/01/2024) and the lowest 252.5 (28/01/2024). The difference between high and low is 0.

ERN UGX average rate for January 2024 is 250.1763, the change between 01/01/2024 and 31/01/2024 is -0.84 %.

01 January 20241 ERN = 248.6 UGX
02 January 20241 ERN = 248.8 UGX
03 January 20241 ERN = 249.0 UGX
04 January 20241 ERN = 250.0 UGX
05 January 20241 ERN = 250.2 UGX
06 January 20241 ERN = 251.3 UGX
07 January 20241 ERN = 251.3 UGX
08 January 20241 ERN = 248.5 UGX
09 January 20241 ERN = 249.9 UGX
10 January 20241 ERN = 249.7 UGX
11 January 20241 ERN = 249.4 UGX
12 January 20241 ERN = 249.8 UGX
14 January 20241 ERN = 252.2 UGX
15 January 20241 ERN = 249.1 UGX
16 January 20241 ERN = 250.0 UGX
17 January 20241 ERN = 251.0 UGX
18 January 20241 ERN = 250.5 UGX
19 January 20241 ERN = 249.9 UGX
22 January 20241 ERN = 249.6 UGX
23 January 20241 ERN = 250.5 UGX
24 January 20241 ERN = 250.4 UGX
25 January 20241 ERN = 250.4 UGX
26 January 20241 ERN = 250.4 UGX
28 January 20241 ERN = 252.5 UGX
29 January 20241 ERN = 250.8 UGX
30 January 20241 ERN = 250.3 UGX
31 January 20241 ERN = 250.7 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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