Historic Eritrean nakfa Uzbekistani som

Eritrean nakfa uzbekistani som history for January 2024. The highest quote for this month is 824.15 (25/01/2024) and the lowest 818.96 (01/01/2024). The difference between high and low is 0.63.

ERN UZS average rate for January 2024 is 820.18739, the change between 01/01/2024 and 31/01/2024 is -0.74 %.

01 January 20241 ERN = 818.2 UZS
02 January 20241 ERN = 819.0 UZS
03 January 20241 ERN = 818.9 UZS
04 January 20241 ERN = 817.9 UZS
05 January 20241 ERN = 817.0 UZS
08 January 20241 ERN = 815.6 UZS
09 January 20241 ERN = 820.8 UZS
10 January 20241 ERN = 820.8 UZS
11 January 20241 ERN = 817.0 UZS
12 January 20241 ERN = 823.1 UZS
15 January 20241 ERN = 815.9 UZS
16 January 20241 ERN = 816.2 UZS
17 January 20241 ERN = 819.3 UZS
18 January 20241 ERN = 822.8 UZS
19 January 20241 ERN = 823.9 UZS
22 January 20241 ERN = 816.4 UZS
23 January 20241 ERN = 823.9 UZS
24 January 20241 ERN = 824.5 UZS
25 January 20241 ERN = 824.2 UZS
26 January 20241 ERN = 822.8 UZS
29 January 20241 ERN = 818.9 UZS
30 January 20241 ERN = 822.8 UZS
31 January 20241 ERN = 824.3 UZS

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.

25/02/2020: Introduction of New Large Denomination Banknotes

Uzbekistan introduced new 100,000 and 200,000 som banknotes to meet the requirements of the growing economy and reduce cash circulation.

25/02/2019: Introduction of new nakfa banknotes

Eritrea introduced new banknotes in denominations of 5, 10, 20, 50, and 100 nakfa.

08/02/2019: Exchange Rate Unification

Uzbekistan unified the official and black-market exchange rates, allowing for more transparency in currency transactions.

30/10/2018: Currency devaluation

Eritrea devalued the nakfa by 14%, reducing its official exchange rate to 1 USD = 15 ERN.

03/09/2018: Denomination of Uzbekistani Som

Uzbekistan announced a 1:10,000 denomination of the som, as part of ongoing currency reform.

05/09/2017: Floating Exchange Rate Regime

Uzbekistan transitioned to a floating exchange rate regime, allowing the Uzbekistani Som's value to be determined by market forces.

22/01/2015: Dollarization policy imposed

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

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.

10/03/2001: Introduction of New Uzbekistani Som

Uzbekistan introduced a new som, with 1 new som equaling 1,000 old soms, as a result of currency reform.

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.

01/07/1994: Redenomination of Uzbekistani Som

Uzbekistan redenominated its currency, with 1 new som replacing 1,000 old soms to combat hyperinflation.

01/07/1993: Introduction of Uzbekistani Som

Uzbekistani Som (UZS) was introduced as the official currency of Uzbekistan after the country gained independence from the Soviet Union.
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