Historic Gibraltar pound Eritrean nakfa

Gibraltar pound eritrean nakfa history for January 2024. The highest quote for this month is 19.227 (12/01/2024) and the lowest 19.236 (12/01/2024). The difference between high and low is -0.05.

GIP ERN average rate for January 2024 is 19.13917, the change between 01/01/2024 and 31/01/2024 is +0.21 %.

01 January 20241 GIP = 19.19 ERN
02 January 20241 GIP = 19.04 ERN
03 January 20241 GIP = 19.03 ERN
04 January 20241 GIP = 19.15 ERN
05 January 20241 GIP = 19.17 ERN
08 January 20241 GIP = 19.15 ERN
09 January 20241 GIP = 19.18 ERN
10 January 20241 GIP = 19.15 ERN
11 January 20241 GIP = 19.20 ERN
12 January 20241 GIP = 19.20 ERN
15 January 20241 GIP = 19.18 ERN
16 January 20241 GIP = 19.07 ERN
17 January 20241 GIP = 19.05 ERN
18 January 20241 GIP = 19.08 ERN
19 January 20241 GIP = 19.12 ERN
22 January 20241 GIP = 19.18 ERN
23 January 20241 GIP = 19.09 ERN
24 January 20241 GIP = 19.22 ERN
25 January 20241 GIP = 19.18 ERN
26 January 20241 GIP = 19.20 ERN
29 January 20241 GIP = 19.09 ERN
30 January 20241 GIP = 19.12 ERN
31 January 20241 GIP = 19.15 ERN

01/10/2022: Transition to digital currency

Gibraltar announced the introduction of a digital currency pegged 1:1 to the Gibraltar pound, making it one of the first jurisdictions to do so.

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.

15/08/2019: Commencement of polymer £50 issuance

Polymer £50 banknotes were introduced, replacing the older paper £50 notes.

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.

26/06/2018: New £100 banknote issued

A new £100 banknote featuring the image of Sir Joshua Hassan, first Chief Minister of Gibraltar, was issued.

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.

06/11/1988: Introduction of polymer banknotes

Polymer banknotes were introduced in Gibraltar, enhancing durability and counterfeit resilience.

15/02/1971: Currency tied to British pound

The Gibraltar pound became pegged to the British pound at a rate of 1:1, ensuring stability and ease of trade.

23/06/1969: Currency switch to decimalization

Gibraltar switched from the pound shilling pence system to a decimalized currency, with 100 pence equal to 1 pound.

07/03/1927: Introduction of Gibraltar pound

The Gibraltar pound was first introduced as the official currency of Gibraltar, replacing the Spanish peseta.
GIP ERN January 2024
GIP ERN February 2024
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GIP ERN December 2024
GIP ERN January 2025