Historic Maldivian rufiyaa Eritrean nakfa

Maldivian rufiyaa eritrean nakfa history for January 2024. The highest quote for this month is 0.9914 (22/01/2024) and the lowest 0.9901 (06/01/2024). The difference between high and low is 0.13.

MVR ERN average rate for January 2024 is 0.9865, the change between 01/01/2024 and 31/01/2024 is +0.26 %.

01 January 20241 MVR = 0.9895 ERN
02 January 20241 MVR = 0.9882 ERN
03 January 20241 MVR = 0.9869 ERN
04 January 20241 MVR = 0.9895 ERN
05 January 20241 MVR = 0.9869 ERN
06 January 20241 MVR = 0.9773 ERN
07 January 20241 MVR = 0.9773 ERN
08 January 20241 MVR = 0.9869 ERN
09 January 20241 MVR = 0.9882 ERN
10 January 20241 MVR = 0.9869 ERN
11 January 20241 MVR = 0.9895 ERN
12 January 20241 MVR = 0.9869 ERN
14 January 20241 MVR = 0.9760 ERN
15 January 20241 MVR = 0.9882 ERN
16 January 20241 MVR = 0.9882 ERN
17 January 20241 MVR = 0.9869 ERN
18 January 20241 MVR = 0.9875 ERN
19 January 20241 MVR = 0.9862 ERN
22 January 20241 MVR = 0.9882 ERN
23 January 20241 MVR = 0.9869 ERN
24 January 20241 MVR = 0.9882 ERN
25 January 20241 MVR = 0.9882 ERN
26 January 20241 MVR = 0.9914 ERN
28 January 20241 MVR = 0.9773 ERN
29 January 20241 MVR = 0.9901 ERN
30 January 20241 MVR = 0.9914 ERN
31 January 20241 MVR = 0.9869 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.

15/01/2019: Introduction of New Banknotes

New series of banknotes with enhanced security features and improved designs were introduced by the Maldives Monetary Authority.

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.

01/09/2014: Introduction of Polymer Banknotes

Polymer banknotes were introduced in the Maldives, replacing the traditional paper banknotes, enhancing their durability and security features.

01/07/2011: Redenomination of the Rufiyaa

The Maldivian Rufiyaa underwent redenomination, with new banknotes and coins introduced to simplify transactions and reduce the number of zeros.

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.

01/01/2002: Decimalization of the Rufiyaa

The Maldivian Rufiyaa was decimalized, with 100 laari equaling 1 Rufiyaa, replacing the previous system of 1 Rufiyaa equalling 100 lari.

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.

01/09/1983: Introduction of the Maldivian Rufiyaa

The Maldivian Rufiyaa was introduced as the new currency, replacing the Maldivian Rupee at a 1:1 exchange rate.

01/09/1981: Establishment of the Maldives Monetary Authority

The Maldives Monetary Authority (MMA) was established as the central bank of the Maldives, responsible for issuing and managing the currency.

22/10/1947: Introduction of the Maldivian Rupee

The Maldivian Indian Rupee was adopted as the official currency of the Maldives, replacing the Ceylonese Rupee.
MVR ERN January 2024
MVR ERN February 2024
MVR ERN March 2024
MVR ERN April 2024
MVR ERN May 2024
MVR ERN June 2024
MVR ERN July 2024
MVR ERN August 2024
MVR ERN September 2024
MVR ERN October 2024
MVR ERN November 2024
MVR ERN December 2024
MVR ERN January 2025