Historic Kenyan shilling Eritrean nakfa

Kenyan shilling eritrean nakfa history for February 2024. The highest quote for this month is 0.10429 (19/02/2024) and the lowest 0.10758 (19/02/2024). The difference between high and low is -3.15.

KES ERN average rate for February 2024 is 0.09939, the change between 01/02/2024 and 29/02/2024 is -9.85 %.

01 February 20241 KES = 0.0945 ERN
02 February 20241 KES = 0.0941 ERN
03 February 20241 KES = 0.0941 ERN
04 February 20241 KES = 0.0941 ERN
05 February 20241 KES = 0.0927 ERN
06 February 20241 KES = 0.0933 ERN
07 February 20241 KES = 0.0942 ERN
08 February 20241 KES = 0.0941 ERN
09 February 20241 KES = 0.0948 ERN
12 February 20241 KES = 0.0935 ERN
13 February 20241 KES = 0.0948 ERN
14 February 20241 KES = 0.0951 ERN
15 February 20241 KES = 0.0974 ERN
16 February 20241 KES = 0.1008 ERN
17 February 20241 KES = 0.1040 ERN
18 February 20241 KES = 0.1040 ERN
19 February 20241 KES = 0.1076 ERN
20 February 20241 KES = 0.1042 ERN
21 February 20241 KES = 0.1039 ERN
22 February 20241 KES = 0.1038 ERN
23 February 20241 KES = 0.1039 ERN
24 February 20241 KES = 0.1040 ERN
25 February 20241 KES = 0.1040 ERN
26 February 20241 KES = 0.1060 ERN
27 February 20241 KES = 0.1036 ERN
28 February 20241 KES = 0.1038 ERN
29 February 20241 KES = 0.1038 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.

01/10/2019: New Generation Banknotes

Kenya introduced a new series of banknotes with enhanced security features and design elements to fight illicit financial activities.

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.

01/07/2010: Introduction of New Currency Denominations

Kenya introduced new currency denominations, including the 1000 shilling note, to combat money laundering and illegal financial activities.

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.

14/09/1994: Transition to New Currency

Kenya introduced a new design of banknotes and coins to counter counterfeiting and promote national identity.

01/07/1985: Second Devaluation of the Shilling

The Kenyan shilling was further devalued by 30% as part of economic reforms and structural adjustments.

14/09/1980: Devaluation of the Shilling

The Kenyan shilling was devalued by 30% as part of an austerity measure to address the country's economic challenges.

14/06/1969: Decimalization of the Shilling

Kenya decimalized its currency, dividing the shilling into 100 cents for easier transactions and financial calculations.

14/06/1966: Introduction of the Kenyan Shilling

The Kenyan shilling was introduced as the official currency of Kenya replacing the East African shilling as a result of Kenya's independence from British colonial rule.
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