Historic Namibian dollar Eritrean nakfa

Namibian dollar eritrean nakfa history for January 2024. The highest quote for this month is 0.81371 (01/01/2024) and the lowest 0.81991 (01/01/2024). The difference between high and low is -0.76.

NAD ERN average rate for January 2024 is 0.8031, the change between 01/01/2024 and 31/01/2024 is +2.41 %.

01 January 20241 NAD = 0.8199 ERN
02 January 20241 NAD = 0.8137 ERN
03 January 20241 NAD = 0.8126 ERN
04 January 20241 NAD = 0.8120 ERN
05 January 20241 NAD = 0.8063 ERN
06 January 20241 NAD = 0.8016 ERN
07 January 20241 NAD = 0.8070 ERN
08 January 20241 NAD = 0.8057 ERN
09 January 20241 NAD = 0.8068 ERN
10 January 20241 NAD = 0.8057 ERN
11 January 20241 NAD = 0.8107 ERN
12 January 20241 NAD = 0.8061 ERN
14 January 20241 NAD = 0.8090 ERN
15 January 20241 NAD = 0.8072 ERN
16 January 20241 NAD = 0.8072 ERN
17 January 20241 NAD = 0.8065 ERN
18 January 20241 NAD = 0.7911 ERN
19 January 20241 NAD = 0.7900 ERN
22 January 20241 NAD = 0.7974 ERN
23 January 20241 NAD = 0.7847 ERN
24 January 20241 NAD = 0.7857 ERN
25 January 20241 NAD = 0.7969 ERN
26 January 20241 NAD = 0.7982 ERN
28 January 20241 NAD = 0.8029 ERN
29 January 20241 NAD = 0.7971 ERN
30 January 20241 NAD = 0.8016 ERN
31 January 20241 NAD = 0.8001 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.

30/10/2018: Currency devaluation

Eritrea devalued the nakfa by 14%, reducing its official exchange rate to 1 USD = 15 ERN.

26/01/2016: New N$100 and N$200 Banknotes Introduced

Namibia introduced new banknotes of N$100 and N$200 denominations to address the need for higher-value currency in the growing economy.

22/01/2015: Dollarization policy imposed

Eritrea imposed a dollarization policy, making the US dollar the predominant currency for most transactions.

30/08/2012: Introduction of N$10 Commemorative Banknote

Namibia introduced a commemorative banknote of N$10 to celebrate the centenary of the country's struggle for independence.

27/10/2008: Financial Crisis Impact

Due to the global financial crisis, the Namibian dollar experienced a depreciation against major currencies, affecting the country's economy.

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: Replacement of Old Banknotes

Old banknotes of the Namibian dollar were demonetized, and new banknotes became the only valid currency.

01/06/1999: Introduction of New Banknotes and Coins

New series of banknotes and coins were introduced in Namibia, featuring indigenous wildlife and cultural symbols.

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.

30/08/1993: Dollarization of Namibia

Namibia adopted the Namibian dollar as its sole legal tender, replacing the South African rand as the official currency.

21/03/1990: Independence of Namibia

Namibia gained independence from South Africa, leading to the introduction of the Namibian dollar as the official currency of the newly established country.
NAD ERN January 2024
NAD ERN February 2024
NAD ERN March 2024
NAD ERN April 2024
NAD ERN May 2024
NAD ERN June 2024
NAD ERN July 2024
NAD ERN August 2024
NAD ERN September 2024
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NAD ERN November 2024
NAD ERN December 2024
NAD ERN January 2025