Historic Moroccan dirham Eritrean nakfa

Moroccan dirham eritrean nakfa history for February 2024. The highest quote for this month is 1.5493 (13/02/2024) and the lowest 1.5568 (02/02/2024). The difference between high and low is -0.48.

MAD ERN average rate for February 2024 is 1.51061, the change between 01/02/2024 and 29/02/2024 is -1.84 %.

01 February 20241 MAD = 1.507 ERN
02 February 20241 MAD = 1.504 ERN
03 February 20241 MAD = 1.500 ERN
04 February 20241 MAD = 1.500 ERN
05 February 20241 MAD = 1.544 ERN
06 February 20241 MAD = 1.543 ERN
07 February 20241 MAD = 1.497 ERN
08 February 20241 MAD = 1.496 ERN
09 February 20241 MAD = 1.501 ERN
12 February 20241 MAD = 1.551 ERN
13 February 20241 MAD = 1.502 ERN
14 February 20241 MAD = 1.497 ERN
15 February 20241 MAD = 1.495 ERN
16 February 20241 MAD = 1.499 ERN
17 February 20241 MAD = 1.498 ERN
18 February 20241 MAD = 1.498 ERN
19 February 20241 MAD = 1.546 ERN
20 February 20241 MAD = 1.541 ERN
21 February 20241 MAD = 1.495 ERN
22 February 20241 MAD = 1.494 ERN
23 February 20241 MAD = 1.499 ERN
24 February 20241 MAD = 1.499 ERN
25 February 20241 MAD = 1.499 ERN
26 February 20241 MAD = 1.549 ERN
27 February 20241 MAD = 1.504 ERN
28 February 20241 MAD = 1.496 ERN
29 February 20241 MAD = 1.535 ERN

15/09/2021: Digitization of the Moroccan dirham

Morocco announced plans to digitize the dirham, introducing a central bank digital currency (CBDC) for financial transactions in the country.

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.

02/06/2014: Introduction of the fourth dirham

Another series of Moroccan dirham banknotes was issued, featuring new designs and enhanced security features.

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.

02/07/2005: Dirham's exchange rate floatation

Morocco moved to a floating exchange rate regime, allowing the dirham to fluctuate based on market forces.

01/05/1999: Introduction of the third dirham

A new series of Moroccan dirham banknotes was introduced with enhanced security features.

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.

12/12/1980: Introduction of the second dirham

A new series of Moroccan dirham banknotes was issued to replace the first series.

17/10/1974: Adoption of the dirham as the currency

The Moroccan franc was replaced by the Moroccan dirham (MAD) as the official currency.

26/11/1960: Introduction of the Moroccan franc (FRF)

The Moroccan franc was introduced as the official currency of Morocco.
MAD ERN January 2024
MAD ERN February 2024
MAD ERN March 2024
MAD ERN April 2024
MAD ERN May 2024
MAD ERN June 2024
MAD ERN July 2024
MAD ERN August 2024
MAD ERN September 2024
MAD ERN October 2024
MAD ERN November 2024
MAD ERN December 2024
MAD ERN January 2025