Historic Jamaican Dollar Eritrean nakfa

Jamaican Dollar eritrean nakfa history for February 2024. The highest quote for this month is 0.09768 (08/02/2024) and the lowest 0.09836 (02/02/2024). The difference between high and low is -0.7.

JMD ERN average rate for February 2024 is 0.09731, the change between 01/02/2024 and 29/02/2024 is +0.52 %.

01 February 20241 JMD = 0.0981 ERN
02 February 20241 JMD = 0.0978 ERN
03 February 20241 JMD = 0.0971 ERN
04 February 20241 JMD = 0.0971 ERN
05 February 20241 JMD = 0.0968 ERN
06 February 20241 JMD = 0.0974 ERN
07 February 20241 JMD = 0.0975 ERN
08 February 20241 JMD = 0.0975 ERN
09 February 20241 JMD = 0.0979 ERN
12 February 20241 JMD = 0.0973 ERN
13 February 20241 JMD = 0.0974 ERN
14 February 20241 JMD = 0.0974 ERN
15 February 20241 JMD = 0.0970 ERN
16 February 20241 JMD = 0.0971 ERN
17 February 20241 JMD = 0.0967 ERN
18 February 20241 JMD = 0.0967 ERN
19 February 20241 JMD = 0.0973 ERN
20 February 20241 JMD = 0.0971 ERN
21 February 20241 JMD = 0.0972 ERN
22 February 20241 JMD = 0.0972 ERN
23 February 20241 JMD = 0.0972 ERN
24 February 20241 JMD = 0.0979 ERN
25 February 20241 JMD = 0.0969 ERN
26 February 20241 JMD = 0.0973 ERN
27 February 20241 JMD = 0.0974 ERN
28 February 20241 JMD = 0.0976 ERN
29 February 20241 JMD = 0.0976 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.

16/03/2015: Bank of Jamaica Act

The Bank of Jamaica Act was passed, granting the central bank greater autonomy in executing monetary policy and promoting financial stability.

22/01/2015: Dollarization policy imposed

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

12/02/2013: Currency devaluation

To stabilize the economy, the Jamaican Dollar was devalued by approximately 16.5% against major currencies.

28/11/2010: IMF agreement

Jamaica reached an agreement with the International Monetary Fund (IMF) for a financial support program to address economic challenges.

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.

30/04/1994: Foreign exchange liberalization

Jamaica lifted restrictions on foreign exchange, allowing for more flexible trade and investment opportunities.

25/03/1991: JMD devaluation

Due to economic pressures, the Jamaican Dollar was devalued by 33.3%, leading to an increase in the exchange rate.

05/08/1971: Currency decimalization

Jamaica decimalized its currency, dividing the Jamaican Dollar into 100 cents instead of 20 shillings.

07/02/1969: Jamaican Dollar introduced

The Jamaican Dollar (JMD) was introduced as the official currency of Jamaica, replacing the Jamaican pound.
JMD ERN January 2024
JMD ERN February 2024
JMD ERN March 2024
JMD ERN April 2024
JMD ERN May 2024
JMD ERN June 2024
JMD ERN July 2024
JMD ERN August 2024
JMD ERN September 2024
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JMD ERN November 2024
JMD ERN December 2024
JMD ERN January 2025