Israeli Sheqel eritrean nakfa exchange rate history (ILS ERN) February 2024

Israeli Sheqel eritrean nakfa history for February 2024. The highest quote for this month is 4.1882 (29/02/2024) and the lowest 4.2367 (29/02/2024). The difference between high and low is -1.16.

ILS ERN average rate for February 2024 is 4.13546, the change between 01/02/2024 and 29/02/2024 is -1.14 %.

01 February 2024	1 ILS = 4.143 ERN
02 February 2024	1 ILS = 4.113 ERN
03 February 2024	1 ILS = 4.120 ERN
04 February 2024	1 ILS = 4.120 ERN
05 February 2024	1 ILS = 4.125 ERN
06 February 2024	1 ILS = 4.101 ERN
07 February 2024	1 ILS = 4.135 ERN
08 February 2024	1 ILS = 4.121 ERN
09 February 2024	1 ILS = 4.079 ERN
12 February 2024	1 ILS = 4.104 ERN
13 February 2024	1 ILS = 4.119 ERN
14 February 2024	1 ILS = 4.105 ERN
15 February 2024	1 ILS = 4.119 ERN
16 February 2024	1 ILS = 4.161 ERN
17 February 2024	1 ILS = 4.184 ERN
18 February 2024	1 ILS = 4.182 ERN
19 February 2024	1 ILS = 4.181 ERN
20 February 2024	1 ILS = 4.143 ERN
21 February 2024	1 ILS = 4.105 ERN
22 February 2024	1 ILS = 4.092 ERN
23 February 2024	1 ILS = 4.145 ERN
24 February 2024	1 ILS = 4.162 ERN
25 February 2024	1 ILS = 4.152 ERN
26 February 2024	1 ILS = 4.146 ERN
27 February 2024	1 ILS = 4.141 ERN
28 February 2024	1 ILS = 4.172 ERN
29 February 2024	1 ILS = 4.190 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.

22/01/2015: Dollarization policy imposed

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

29/12/2014: 1 US Dollar = 3.891 Israeli Sheqel

The Israeli Sheqel (ILS) reaches a historical low against the US Dollar in the foreign exchange market.

04/05/2008: Introduction of New Banknotes

New Israeli Sheqel (ILS) banknotes with enhanced security features were issued.

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.

01/09/1999: Introduction of Sheqel Coins

Israeli Sheqel (ILS) coins were introduced, replacing the agora as the subunit of the currency.

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.

24/02/1985: Hyperinflation Crisis

Israel experiences hyperinflation, leading to the introduction of the new Israeli Sheqel (ILS).

16/03/1960: Introduction of the New Sheqel

The old Israeli pound (ILP) was replaced by the new Israeli Sheqel (ILS) as the official currency.

24/02/1949: Introduction of the Israel Pound

The Israeli pound (ILP) was introduced as legal tender in Israel.

24/09/1948: Israeli Declaration of Independence

The Israeli pound (ILP) was introduced as the official currency of Israel.

Historic Israeli Sheqel Eritrean nakfa