Guinean franc eritrean nakfa exchange rate history (GNF ERN) October 2023

Guinean franc eritrean nakfa history for October 2023. The highest quote for this month is 0.001775 (01/10/2023) and the lowest 0.001783 (24/10/2023). The difference between high and low is -0.45.

GNF ERN average rate for October 2023 is 0.00177, the change between 01/10/2023 and 31/10/2023 is +0.85 %.

01 October 2023	1 GNF = 0.0018 ERN
03 October 2023	1 GNF = 0.0018 ERN
04 October 2023	1 GNF = 0.0018 ERN
06 October 2023	1 GNF = 0.0018 ERN
07 October 2023	1 GNF = 0.0018 ERN
09 October 2023	1 GNF = 0.0018 ERN
10 October 2023	1 GNF = 0.0018 ERN
11 October 2023	1 GNF = 0.0018 ERN
13 October 2023	1 GNF = 0.0018 ERN
16 October 2023	1 GNF = 0.0018 ERN
17 October 2023	1 GNF = 0.0018 ERN
18 October 2023	1 GNF = 0.0018 ERN
19 October 2023	1 GNF = 0.0018 ERN
20 October 2023	1 GNF = 0.0018 ERN
21 October 2023	1 GNF = 0.0018 ERN
22 October 2023	1 GNF = 0.0018 ERN
23 October 2023	1 GNF = 0.0018 ERN
24 October 2023	1 GNF = 0.0018 ERN
25 October 2023	1 GNF = 0.0018 ERN
26 October 2023	1 GNF = 0.0018 ERN
27 October 2023	1 GNF = 0.0018 ERN
29 October 2023	1 GNF = 0.0018 ERN
30 October 2023	1 GNF = 0.0018 ERN
31 October 2023	1 GNF = 0.0018 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.

30/06/2015: Demonetization of old Guinean franc banknotes

The old series of Guinean franc banknotes, denominated in 'Syli,' ceased to be legal tender, and only the new franc banknotes remained in circulation.

22/01/2015: Dollarization policy imposed

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

26/09/2012: Introduction of new Guinean franc coins

New coins denominated in the Guinean franc were introduced, replacing the previously used Guinean syli coins.

30/06/2010: Revaluation of the Guinean franc

The Guinean franc underwent a revaluation, with 1 new franc being equivalent to 10,000 old francs.

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.

30/06/1997: Introduction of new Guinean franc

A new series of Guinean franc banknotes, denominated in 'Syli,' was introduced as a replacement for the previous currency.

30/11/1985: Devaluation of the Guinean franc

The Guinean franc was devalued by 50%, leading to an economic crisis and high inflation.

31/05/1971: Redenomination of the Guinean franc

The Guinean franc underwent a redenomination, with 1 new franc being equivalent to 10 old francs.

01/10/1959: Introduction of Guinean franc

The Guinean franc was introduced as the official currency of Guinea following its independence from France.

Historic Guinean franc Eritrean nakfa