Historic Liberian dollar Eritrean nakfa

Liberian dollar eritrean nakfa history for February 2024. The highest quote for this month is 0.079735 (01/02/2024) and the lowest 0.07978 (03/02/2024). The difference between high and low is -0.06.

LRD ERN average rate for February 2024 is 0.07952, the change between 01/02/2024 and 29/02/2024 is +0.55 %.

01 February 20241 LRD = 0.0797 ERN
02 February 20241 LRD = 0.0796 ERN
03 February 20241 LRD = 0.0795 ERN
04 February 20241 LRD = 0.0795 ERN
05 February 20241 LRD = 0.0797 ERN
06 February 20241 LRD = 0.0796 ERN
07 February 20241 LRD = 0.0797 ERN
08 February 20241 LRD = 0.0796 ERN
09 February 20241 LRD = 0.0797 ERN
12 February 20241 LRD = 0.0795 ERN
13 February 20241 LRD = 0.0797 ERN
14 February 20241 LRD = 0.0795 ERN
15 February 20241 LRD = 0.0794 ERN
16 February 20241 LRD = 0.0796 ERN
17 February 20241 LRD = 0.0795 ERN
19 February 20241 LRD = 0.0796 ERN
20 February 20241 LRD = 0.0794 ERN
21 February 20241 LRD = 0.0795 ERN
22 February 20241 LRD = 0.0794 ERN
23 February 20241 LRD = 0.0794 ERN
24 February 20241 LRD = 0.0794 ERN
26 February 20241 LRD = 0.0793 ERN
27 February 20241 LRD = 0.0794 ERN
28 February 20241 LRD = 0.0793 ERN
29 February 20241 LRD = 0.0793 ERN

29/06/2020: Introduction of New Banknotes

Liberia introduces new banknotes with enhanced security features to combat counterfeiting and improve confidence in the currency.

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.

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.

14/10/2000: ECOWAS Intervention

ECOWAS forces intervene in Liberia, leading to improved stability and gradual recovery of the Liberian dollar.

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.

19/07/1997: Liberian Dollar Depreciation

The Liberian dollar experiences a significant depreciation due to economic mismanagement and the aftermath of the civil war.

26/01/1982: Liberian Civil War Begins

The Liberian civil war begins, leading to significant economic instability and devaluation of the Liberian dollar.

23/03/1907: Liberian Dollar Pegged to US Dollar

The Liberian dollar is pegged to the U.S. dollar at a ratio of 2:1, maintaining a fixed exchange rate for many years.

10/07/1849: Introduction of Liberian Dollar

The Liberian dollar is introduced as the official currency of Liberia, replacing the use of foreign currencies in the country.

26/07/1847: Liberian Independence

Liberia declares independence from the American Colonization Society, establishing the first republic in Africa.
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