Historic Kenyan shilling Eritrean nakfa

Kenyan shilling eritrean nakfa history for January 2024. The highest quote for this month is 0.09629 (02/01/2024) and the lowest 0.09755 (08/01/2024). The difference between high and low is -1.31.

KES ERN average rate for January 2024 is 0.09497, the change between 01/01/2024 and 31/01/2024 is +2.81 %.

01 January 20241 KES = 0.0966 ERN
02 January 20241 KES = 0.0963 ERN
03 January 20241 KES = 0.0963 ERN
04 January 20241 KES = 0.0964 ERN
05 January 20241 KES = 0.0962 ERN
06 January 20241 KES = 0.0959 ERN
07 January 20241 KES = 0.0959 ERN
08 January 20241 KES = 0.0978 ERN
09 January 20241 KES = 0.0961 ERN
10 January 20241 KES = 0.0957 ERN
11 January 20241 KES = 0.0954 ERN
12 January 20241 KES = 0.0950 ERN
14 January 20241 KES = 0.0947 ERN
15 January 20241 KES = 0.0962 ERN
16 January 20241 KES = 0.0948 ERN
17 January 20241 KES = 0.0956 ERN
18 January 20241 KES = 0.0951 ERN
19 January 20241 KES = 0.0936 ERN
22 January 20241 KES = 0.0955 ERN
23 January 20241 KES = 0.0932 ERN
24 January 20241 KES = 0.0930 ERN
25 January 20241 KES = 0.0927 ERN
26 January 20241 KES = 0.0925 ERN
28 January 20241 KES = 0.0930 ERN
29 January 20241 KES = 0.0933 ERN
30 January 20241 KES = 0.0936 ERN
31 January 20241 KES = 0.0939 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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