Ghana Cedi eritrean nakfa exchange rate history (GHS ERN) January 2024

Ghana Cedi eritrean nakfa history for January 2024. The highest quote for this month is 1.2685 (07/01/2024) and the lowest 1.2685 (07/01/2024). The difference between high and low is 0.

GHS ERN average rate for January 2024 is 1.25542, the change between 01/01/2024 and 31/01/2024 is +2.93 %.

01 January 2024	1 GHS = 1.260 ERN
02 January 2024	1 GHS = 1.258 ERN
03 January 2024	1 GHS = 1.265 ERN
04 January 2024	1 GHS = 1.266 ERN
05 January 2024	1 GHS = 1.266 ERN
06 January 2024	1 GHS = 1.269 ERN
07 January 2024	1 GHS = 1.269 ERN
08 January 2024	1 GHS = 1.265 ERN
09 January 2024	1 GHS = 1.266 ERN
10 January 2024	1 GHS = 1.266 ERN
11 January 2024	1 GHS = 1.266 ERN
12 January 2024	1 GHS = 1.263 ERN
14 January 2024	1 GHS = 1.264 ERN
15 January 2024	1 GHS = 1.263 ERN
16 January 2024	1 GHS = 1.260 ERN
17 January 2024	1 GHS = 1.255 ERN
18 January 2024	1 GHS = 1.264 ERN
19 January 2024	1 GHS = 1.259 ERN
22 January 2024	1 GHS = 1.249 ERN
23 January 2024	1 GHS = 1.254 ERN
24 January 2024	1 GHS = 1.258 ERN
25 January 2024	1 GHS = 1.246 ERN
26 January 2024	1 GHS = 1.246 ERN
28 January 2024	1 GHS = 1.235 ERN
29 January 2024	1 GHS = 1.218 ERN
30 January 2024	1 GHS = 1.225 ERN
31 January 2024	1 GHS = 1.223 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.

16/09/2019: Ghana Goes Cashless

The government launched the Ghana.Gov payment platform, aimed at promoting electronic payments and reducing cash 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.

05/07/2012: GHS Symbol Change

The Bank of Ghana introduced a new currency symbol for the cedi, changing it from GHȼ to GHS.

03/07/2007: Decimals Dropped

The Bank of Ghana dropped four decimal places, making 1 new Ghanaian cedi = 1 GHȼ.

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.

01/07/2002: Replacement of New Cedi

The new Ghanaian cedi, denoted as GHC, replaced the second cedi at a rate of 1 cedi = 10,000 cedis.

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.

17/07/1978: Second Cedi Introduced

Due to high inflation, the second Ghanaian cedi was introduced with a new currency code, GHS.

19/07/1965: Cedi Introduced

The Ghanaian pound was replaced by the Ghanaian cedi at a rate of 1 pound = 2.4 cedis, symbolizing economic independence.

06/03/1957: Ghana's Independence

Ghana gained independence from British colonial rule, leading to the introduction of the Ghanaian pound as its currency.

Historic Ghana Cedi Eritrean nakfa