Historic Omani rial Eritrean nakfa

Omani rial eritrean nakfa history for February 2024. The highest quote for this month is 39.288 (06/02/2024) and the lowest 40.529 (12/02/2024). The difference between high and low is -3.16.

OMR ERN average rate for February 2024 is 39.229, the change between 01/02/2024 and 29/02/2024 is +0.13 %.

01 February 20241 OMR = 39.29 ERN
02 February 20241 OMR = 39.24 ERN
03 February 20241 OMR = 39.09 ERN
04 February 20241 OMR = 39.09 ERN
05 February 20241 OMR = 39.25 ERN
06 February 20241 OMR = 39.24 ERN
07 February 20241 OMR = 39.29 ERN
08 February 20241 OMR = 39.24 ERN
09 February 20241 OMR = 39.29 ERN
12 February 20241 OMR = 39.20 ERN
13 February 20241 OMR = 39.29 ERN
14 February 20241 OMR = 39.29 ERN
15 February 20241 OMR = 39.24 ERN
16 February 20241 OMR = 39.29 ERN
17 February 20241 OMR = 39.14 ERN
18 February 20241 OMR = 39.14 ERN
19 February 20241 OMR = 39.25 ERN
20 February 20241 OMR = 39.24 ERN
21 February 20241 OMR = 39.29 ERN
22 February 20241 OMR = 39.24 ERN
23 February 20241 OMR = 39.29 ERN
24 February 20241 OMR = 39.15 ERN
25 February 20241 OMR = 39.15 ERN
26 February 20241 OMR = 39.20 ERN
27 February 20241 OMR = 39.30 ERN
28 February 20241 OMR = 39.24 ERN
29 February 20241 OMR = 39.24 ERN

16/03/2021: New 5 Rial Polymer Banknote Introduced

A new polymer banknote with a denomination of 5 rials was introduced, enhancing durability and security features of 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.

15/01/2003: New Omani Rial Banknotes Issued

New series of Omani rial banknotes were introduced, featuring enhanced security features and updated designs.

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.

12/06/1994: Smaller Denomination Coins Issued

Small denomination coins, including 5, 10, 25, and 50 baisa coins, were issued in order to facilitate everyday transactions.

17/03/1986: 200 Baisa Coin Introduced

A new 200 baisa coin was introduced, becoming the highest denomination coin in circulation at that time.

11/11/1975: 1/8 Rial Copper-Nickel Coin Introduced

A new 1/8 rial coin made of copper-nickel was introduced, representing a fractional value of the rial currency.

02/03/1973: Rial Oman Pegged to US Dollar

The Omani rial was officially pegged to the United States dollar, with an exchange rate of 1 OMR = 2.895 USD.

27/07/1970: Rial Oman is Introduced

The Omani rial was introduced, replacing the Gulf rupee at a rate of 1 rial = 2.6008 rupees.
OMR ERN July 2023
OMR ERN August 2023
OMR ERN September 2023
OMR ERN October 2023
OMR ERN November 2023
OMR ERN December 2023
OMR ERN January 2024
OMR ERN February 2024
OMR ERN March 2024
OMR ERN April 2024
OMR ERN May 2024
OMR ERN June 2024
OMR ERN July 2024