Historic Jamaican Dollar Eritrean nakfa

Jamaican Dollar eritrean nakfa history for January 2024. The highest quote for this month is 0.09871 (02/01/2024) and the lowest 0.09874 (08/01/2024). The difference between high and low is -0.03.

JMD ERN average rate for January 2024 is 0.09815, the change between 01/01/2024 and 31/01/2024 is +0.44 %.

01 January 20241 JMD = 0.0984 ERN
02 January 20241 JMD = 0.0983 ERN
03 January 20241 JMD = 0.0986 ERN
04 January 20241 JMD = 0.0988 ERN
05 January 20241 JMD = 0.0987 ERN
06 January 20241 JMD = 0.0981 ERN
07 January 20241 JMD = 0.0981 ERN
08 January 20241 JMD = 0.0987 ERN
09 January 20241 JMD = 0.0987 ERN
10 January 20241 JMD = 0.0985 ERN
11 January 20241 JMD = 0.0984 ERN
12 January 20241 JMD = 0.0982 ERN
14 January 20241 JMD = 0.0973 ERN
15 January 20241 JMD = 0.0982 ERN
16 January 20241 JMD = 0.0981 ERN
17 January 20241 JMD = 0.0978 ERN
18 January 20241 JMD = 0.0983 ERN
19 January 20241 JMD = 0.0980 ERN
22 January 20241 JMD = 0.0980 ERN
23 January 20241 JMD = 0.0981 ERN
24 January 20241 JMD = 0.0980 ERN
25 January 20241 JMD = 0.0979 ERN
26 January 20241 JMD = 0.0978 ERN
28 January 20241 JMD = 0.0979 ERN
29 January 20241 JMD = 0.0976 ERN
30 January 20241 JMD = 0.0980 ERN
31 January 20241 JMD = 0.0980 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
JMD ERN October 2024
JMD ERN November 2024
JMD ERN December 2024
JMD ERN January 2025