Historic Lebanese pound Eritrean nakfa

Lebanese pound eritrean nakfa history for February 2024. The highest quote for this month is 0.001005 (02/02/2024) and the lowest 0.00101 (02/02/2024). The difference between high and low is -0.5.

LBP ERN average rate for February 2024 is 0.0007, the change between 01/02/2024 and 29/02/2024 is +83.22 %.

01 February 20241 LBP = 0.0010 ERN
02 February 20241 LBP = 0.0010 ERN
03 February 20241 LBP = 0.0010 ERN
04 February 20241 LBP = 0.0010 ERN
05 February 20241 LBP = 0.0010 ERN
06 February 20241 LBP = 0.0010 ERN
07 February 20241 LBP = 0.0010 ERN
08 February 20241 LBP = 0.0010 ERN
09 February 20241 LBP = 0.0010 ERN
12 February 20241 LBP = 0.0010 ERN
13 February 20241 LBP = 0.0010 ERN
14 February 20241 LBP = 0.0010 ERN
15 February 20241 LBP = 0.0010 ERN
16 February 20241 LBP = 0.0010 ERN
19 February 20241 LBP = 0.0010 ERN
20 February 20241 LBP = 0.0010 ERN
21 February 20241 LBP = 0.0002 ERN
22 February 20241 LBP = 0.0002 ERN
23 February 20241 LBP = 0.0002 ERN
24 February 20241 LBP = 0.0002 ERN
25 February 20241 LBP = 0.0002 ERN
26 February 20241 LBP = 0.0002 ERN
27 February 20241 LBP = 0.0002 ERN
28 February 20241 LBP = 0.0002 ERN
29 February 20241 LBP = 0.0002 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.

17/10/2019: Protests against economic crisis

Mass protests erupted in Lebanon due to economic crisis, leading to further depreciation of the Lebanese pound.

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.

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.

03/11/1997: Revaluation of the Lebanese pound

The Lebanese pound was revalued at a rate of 1,500 LBP = 1 USD, ending the fixed exchange rate with the US dollar.

01/01/1986: Introduction of the parallel exchange market

The parallel exchange market was introduced in Lebanon, leading to a diverging exchange rate between the official and unofficial markets.

01/01/1976: Lebanese Civil War

The Lebanese Civil War began, causing significant economic instability and devaluation of the Lebanese pound.

01/01/1961: Pegged to the US dollar

The Lebanese pound was pegged to the US dollar at an exchange rate of 1 LBP = 1.5 USD.

27/11/1941: Devaluation of the Lebanese pound

The Lebanese pound was devalued by 41.9% following the breakup of the French franc.

01/10/1920: Lebanese pound introduced

The Lebanese pound was introduced at a fixed exchange rate of 1 pound = 20 French francs during the French mandate period.
LBP ERN December 2023
LBP ERN January 2024
LBP ERN February 2024
LBP ERN March 2024
LBP ERN April 2024
LBP ERN May 2024
LBP ERN June 2024
LBP ERN July 2024
LBP ERN August 2024
LBP ERN September 2024
LBP ERN October 2024
LBP ERN November 2024
LBP ERN December 2024