Historic Eritrean nakfa Ukrainian hryvnia

Eritrean nakfa ukrainian hryvnia history for November 2023. The highest quote for this month is 2.4299 (12/11/2023) and the lowest 2.4299 (12/11/2023). The difference between high and low is 0.

ERN UAH average rate for November 2023 is 2.38818, the change between 01/11/2023 and 30/11/2023 is -0.4 %.

01 November 20231 ERN = 2.389 UAH
06 November 20231 ERN = 2.364 UAH
07 November 20231 ERN = 2.374 UAH
08 November 20231 ERN = 2.373 UAH
09 November 20231 ERN = 2.374 UAH
10 November 20231 ERN = 2.377 UAH
12 November 20231 ERN = 2.430 UAH
13 November 20231 ERN = 2.369 UAH
14 November 20231 ERN = 2.390 UAH
15 November 20231 ERN = 2.394 UAH
16 November 20231 ERN = 2.386 UAH
17 November 20231 ERN = 2.386 UAH
18 November 20231 ERN = 2.427 UAH
19 November 20231 ERN = 2.427 UAH
20 November 20231 ERN = 2.367 UAH
21 November 20231 ERN = 2.372 UAH
22 November 20231 ERN = 2.380 UAH
23 November 20231 ERN = 2.376 UAH
24 November 20231 ERN = 2.372 UAH
26 November 20231 ERN = 2.430 UAH
27 November 20231 ERN = 2.372 UAH
28 November 20231 ERN = 2.391 UAH
29 November 20231 ERN = 2.397 UAH
30 November 20231 ERN = 2.399 UAH

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.

02/03/2020: COVID-19 impact

The outbreak of the COVID-19 pandemic resulted in economic disruptions, affecting the Ukrainian Hryvnia and causing volatility in the currency markets.

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.

05/02/2015: Currency devaluation

Due to the economic crisis, the Ukrainian Hryvnia experienced a significant devaluation, leading to a sharp increase in prices and financial hardships.

22/01/2015: Dollarization policy imposed

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

20/02/2014: Ukrainian revolution

The Ukrainian revolution began, leading to political instability and economic challenges, impacting the value and stability of the Ukrainian Hryvnia.

01/07/2008: Exchange rate flexibility

Ukraine implemented a flexible exchange rate system, allowing the Ukrainian Hryvnia to fluctuate based on market forces rather than being pegged to a fixed rate.

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.

01/10/2004: Banknote redesign

New banknotes of the Ukrainian Hryvnia were issued with enhanced security features and updated designs, aimed at combating counterfeiting.

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.

02/09/1996: Currency reform

A currency reform was conducted, introducing new banknotes and coins of the Ukrainian Hryvnia, addressing issues of inflation and stabilization.

02/09/1992: Introduction of the Ukrainian Hryvnia

The Ukrainian Hryvnia (UAH) was introduced as the national currency, replacing the Soviet ruble, marking Ukraine's economic independence.
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