Euro eritrean nakfa exchange rate history (EUR ERN) November 2023

Euro eritrean nakfa history for November 2023. The highest quote for this month is 16.519 (29/11/2023) and the lowest 16.58 (29/11/2023). The difference between high and low is -0.37.

EUR ERN average rate for November 2023 is 16.30635, the change between 01/11/2023 and 30/11/2023 is -3.72 %.

01 November 2023	1 EUR = 15.92 ERN
06 November 2023	1 EUR = 16.15 ERN
07 November 2023	1 EUR = 16.16 ERN
08 November 2023	1 EUR = 16.10 ERN
09 November 2023	1 EUR = 16.14 ERN
10 November 2023	1 EUR = 16.06 ERN
12 November 2023	1 EUR = 16.08 ERN
13 November 2023	1 EUR = 16.11 ERN
14 November 2023	1 EUR = 16.11 ERN
15 November 2023	1 EUR = 16.37 ERN
16 November 2023	1 EUR = 16.36 ERN
17 November 2023	1 EUR = 16.36 ERN
19 November 2023	1 EUR = 16.45 ERN
20 November 2023	1 EUR = 16.44 ERN
21 November 2023	1 EUR = 16.50 ERN
22 November 2023	1 EUR = 16.43 ERN
23 November 2023	1 EUR = 16.39 ERN
24 November 2023	1 EUR = 16.44 ERN
26 November 2023	1 EUR = 16.46 ERN
27 November 2023	1 EUR = 16.47 ERN
28 November 2023	1 EUR = 16.49 ERN
29 November 2023	1 EUR = 16.56 ERN
30 November 2023	1 EUR = 16.52 ERN

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.

13/07/2015: Greek debt bailout agreement

A third bailout deal was reached between Greece and its creditors, avoiding a potential Greek exit from the Eurozone.

22/01/2015: Dollarization policy imposed

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

02/05/2010: Greek debt crisis

Greece's financial crisis threatened the stability of the Eurozone, requiring massive bailout packages to prevent a default.

15/10/2008: Global financial crisis

The Euro faced significant economic challenges following the collapse of Lehman Brothers, leading to a recession in many Eurozone countries.

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.

01/05/2004: Eurozone expansion

10 more countries joined the Eurozone, bringing the total number of participating countries to 24.

01/01/2002: Euro banknotes and coins

Physical banknotes and coins in Euro were introduced, replacing national currencies in 12 European countries.

01/01/1999: Introduction of the Euro

The Euro was officially introduced as an electronic currency for banking and financial 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.

07/02/1992: The Maastricht Treaty

The treaty was signed, which officially established the European Union and laid the groundwork for the creation of the Euro.

Historic Euro Eritrean nakfa