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

Israeli Sheqel eritrean nakfa history for January 2024. The highest quote for this month is 4.1861 (01/01/2024) and the lowest 4.1861 (01/01/2024). The difference between high and low is 0.

ILS ERN average rate for January 2024 is 4.06974, the change between 01/01/2024 and 31/01/2024 is +1.74 %.

01 January 2024	1 ILS = 4.186 ERN
02 January 2024	1 ILS = 4.186 ERN
03 January 2024	1 ILS = 4.138 ERN
04 January 2024	1 ILS = 4.123 ERN
05 January 2024	1 ILS = 4.123 ERN
06 January 2024	1 ILS = 4.106 ERN
07 January 2024	1 ILS = 4.100 ERN
08 January 2024	1 ILS = 4.095 ERN
09 January 2024	1 ILS = 4.066 ERN
10 January 2024	1 ILS = 4.034 ERN
11 January 2024	1 ILS = 4.033 ERN
12 January 2024	1 ILS = 4.019 ERN
14 January 2024	1 ILS = 4.037 ERN
15 January 2024	1 ILS = 4.042 ERN
16 January 2024	1 ILS = 4.018 ERN
17 January 2024	1 ILS = 3.994 ERN
18 January 2024	1 ILS = 3.972 ERN
19 January 2024	1 ILS = 4.004 ERN
22 January 2024	1 ILS = 4.028 ERN
23 January 2024	1 ILS = 4.001 ERN
24 January 2024	1 ILS = 4.015 ERN
25 January 2024	1 ILS = 4.072 ERN
26 January 2024	1 ILS = 4.077 ERN
28 January 2024	1 ILS = 4.092 ERN
29 January 2024	1 ILS = 4.087 ERN
30 January 2024	1 ILS = 4.123 ERN
31 January 2024	1 ILS = 4.113 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