Historic Eritrean nakfa Yemeni Rial

Eritrean nakfa yemeni rial history for January 2024. The highest quote for this month is 16.61 (14/01/2024) and the lowest 16.608 (14/01/2024). The difference between high and low is 0.01.

ERN YER average rate for January 2024 is 16.58648, the change between 01/01/2024 and 31/01/2024 is -0.18 %.

01 January 20241 ERN = 16.57 YER
02 January 20241 ERN = 16.57 YER
03 January 20241 ERN = 16.60 YER
04 January 20241 ERN = 16.57 YER
05 January 20241 ERN = 16.58 YER
06 January 20241 ERN = 16.59 YER
07 January 20241 ERN = 16.59 YER
08 January 20241 ERN = 16.60 YER
09 January 20241 ERN = 16.58 YER
10 January 20241 ERN = 16.60 YER
11 January 20241 ERN = 16.58 YER
12 January 20241 ERN = 16.60 YER
14 January 20241 ERN = 16.61 YER
15 January 20241 ERN = 16.58 YER
16 January 20241 ERN = 16.58 YER
17 January 20241 ERN = 16.60 YER
18 January 20241 ERN = 16.58 YER
19 January 20241 ERN = 16.60 YER
22 January 20241 ERN = 16.58 YER
23 January 20241 ERN = 16.60 YER
24 January 20241 ERN = 16.58 YER
25 January 20241 ERN = 16.58 YER
26 January 20241 ERN = 16.58 YER
28 January 20241 ERN = 16.59 YER
29 January 20241 ERN = 16.60 YER
30 January 20241 ERN = 16.58 YER
31 January 20241 ERN = 16.60 YER

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.

11/02/2020: Currency Devaluation

The Yemeni Rial witnessed another devaluation as the Central Bank of Yemen devalued the currency by 25% to ease foreign currency shortages and stabilize the economy.

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.

13/10/2016: Central Bank Relocation

The internationally recognized government of Yemen relocated the Central Bank from Sana'a to Aden, causing further fragmentation in the value and availability of the Yemeni Rial.

16/09/2015: Houthi Takeover and Currency Instability

Following the Houthi rebel's takeover of the capital Sana'a, the Yemeni Rial faced further instability, resulting in hyperinflation and a depreciation of its value.

22/01/2015: Dollarization policy imposed

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

27/09/2009: Government Decision

The Yemeni government announced a 9.3% devaluation of the rial as a measure to cope with the economic crisis and declining oil revenues.

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.

04/05/1994: Civil War and Currency Devaluation

During the Yemeni Civil War, the Yemeni Rial experienced a significant devaluation, with the exchange rate reaching around 200 rials for 1 US dollar.

22/05/1990: Yemeni Unification

The Yemeni Rial became the official currency of the newly unified country of Yemen after the merger of the Yemen Arab Republic (North Yemen) and People's Democratic Republic of Yemen (South Yemen).

26/08/1948: Currency Introduction

The Yemeni Rial (YER) was first introduced as the official currency of North Yemen, replacing the Yemeni Riyal at a rate of 1 rial = 1,000 Riyals.
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