Historic Omani rial Eritrean nakfa

Omani rial eritrean nakfa history for January 2024. The highest quote for this month is 39.282 (11/01/2024) and the lowest 40.341 (01/01/2024). The difference between high and low is -2.7.

OMR ERN average rate for January 2024 is 39.28878, the change between 01/01/2024 and 31/01/2024 is +0.03 %.

01 January 20241 OMR = 39.25 ERN
02 January 20241 OMR = 39.25 ERN
03 January 20241 OMR = 39.24 ERN
04 January 20241 OMR = 39.30 ERN
05 January 20241 OMR = 39.29 ERN
06 January 20241 OMR = 39.14 ERN
07 January 20241 OMR = 39.14 ERN
08 January 20241 OMR = 40.55 ERN
09 January 20241 OMR = 39.29 ERN
10 January 20241 OMR = 39.24 ERN
11 January 20241 OMR = 39.29 ERN
12 January 20241 OMR = 39.24 ERN
14 January 20241 OMR = 39.10 ERN
15 January 20241 OMR = 39.25 ERN
16 January 20241 OMR = 39.29 ERN
17 January 20241 OMR = 39.20 ERN
18 January 20241 OMR = 39.29 ERN
19 January 20241 OMR = 39.24 ERN
22 January 20241 OMR = 39.25 ERN
23 January 20241 OMR = 39.24 ERN
24 January 20241 OMR = 39.29 ERN
25 January 20241 OMR = 39.29 ERN
26 January 20241 OMR = 39.29 ERN
28 January 20241 OMR = 39.14 ERN
29 January 20241 OMR = 39.20 ERN
30 January 20241 OMR = 39.29 ERN
31 January 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 January 2024
OMR ERN February 2024
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OMR ERN November 2024
OMR ERN December 2024
OMR ERN January 2025