Historic Eritrean nakfa Vanuatu vatu

Eritrean nakfa vanuatu vatu history for January 2024. The highest quote for this month is 7.8832 (26/01/2024) and the lowest 7.8538 (24/01/2024). The difference between high and low is 0.37.

ERN VUV average rate for January 2024 is 7.78861, the change between 01/01/2024 and 31/01/2024 is -2.23 %.

01 January 20241 ERN = 7.66 VUV
02 January 20241 ERN = 7.68 VUV
03 January 20241 ERN = 7.73 VUV
04 January 20241 ERN = 7.74 VUV
05 January 20241 ERN = 7.76 VUV
06 January 20241 ERN = 7.76 VUV
07 January 20241 ERN = 7.76 VUV
08 January 20241 ERN = 7.75 VUV
09 January 20241 ERN = 7.73 VUV
10 January 20241 ERN = 7.77 VUV
11 January 20241 ERN = 7.75 VUV
12 January 20241 ERN = 7.77 VUV
14 January 20241 ERN = 7.77 VUV
15 January 20241 ERN = 7.77 VUV
16 January 20241 ERN = 7.78 VUV
17 January 20241 ERN = 7.84 VUV
18 January 20241 ERN = 7.85 VUV
19 January 20241 ERN = 7.85 VUV
22 January 20241 ERN = 7.83 VUV
23 January 20241 ERN = 7.86 VUV
24 January 20241 ERN = 7.84 VUV
25 January 20241 ERN = 7.85 VUV
26 January 20241 ERN = 7.84 VUV
28 January 20241 ERN = 7.84 VUV
29 January 20241 ERN = 7.85 VUV
30 January 20241 ERN = 7.82 VUV
31 January 20241 ERN = 7.84 VUV

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.

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.

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.