Historic Pakistani rupee Eritrean nakfa

Pakistani rupee eritrean nakfa history for January 2024. The highest quote for this month is 0.05427 (01/01/2024) and the lowest 0.054883 (30/01/2024). The difference between high and low is -1.13.

PKR ERN average rate for January 2024 is 0.05392, the change between 01/01/2024 and 31/01/2024 is +0.75 %.

01 January 20241 PKR = 0.0543 ERN
02 January 20241 PKR = 0.0543 ERN
03 January 20241 PKR = 0.0535 ERN
04 January 20241 PKR = 0.0535 ERN
05 January 20241 PKR = 0.0536 ERN
06 January 20241 PKR = 0.0535 ERN
07 January 20241 PKR = 0.0535 ERN
08 January 20241 PKR = 0.0546 ERN
09 January 20241 PKR = 0.0536 ERN
10 January 20241 PKR = 0.0538 ERN
11 January 20241 PKR = 0.0536 ERN
12 January 20241 PKR = 0.0538 ERN
14 January 20241 PKR = 0.0537 ERN
15 January 20241 PKR = 0.0547 ERN
16 January 20241 PKR = 0.0541 ERN
17 January 20241 PKR = 0.0539 ERN
18 January 20241 PKR = 0.0540 ERN
19 January 20241 PKR = 0.0539 ERN
22 January 20241 PKR = 0.0542 ERN
23 January 20241 PKR = 0.0539 ERN
24 January 20241 PKR = 0.0539 ERN
25 January 20241 PKR = 0.0539 ERN
26 January 20241 PKR = 0.0540 ERN
28 January 20241 PKR = 0.0539 ERN
29 January 20241 PKR = 0.0541 ERN
30 January 20241 PKR = 0.0540 ERN
31 January 20241 PKR = 0.0539 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.

16/07/2019: IMF Bailout Package

Pakistan reached an agreement with the IMF for a three-year, $6 billion bailout package to address its balance of payments crisis, affecting the value of the Pakistani rupee.

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.

11/12/2013: IMF Loan Program

Pakistan signed a loan agreement with the International Monetary Fund (IMF) to stabilize its economy, resulting in devaluation of the Pakistani rupee.

01/12/2008: Global Financial Crisis

The global financial crisis led to a depreciation of the Pakistani rupee against major international currencies due to economic instability.

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.

28/05/1999: Introduction of State Bank of Pakistan

The State Bank of Pakistan was given full autonomous control over the monetary policy, which had a significant impact on the value of the Pakistani rupee.

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.

16/12/1971: Separation of East Pakistan

Following the separation of East Pakistan and the formation of Bangladesh, the Pakistani rupee underwent a major devaluation.

01/07/1955: Replacement of Indian Rupee

The Pakistani rupee replaced the Indian rupee as the official currency of Pakistan after the two countries separated.

17/08/1947: Independence of Pakistan

The Pakistani rupee was introduced as the official currency of Pakistan after the country gained independence from British rule.
PKR ERN January 2024
PKR ERN February 2024
PKR ERN March 2024
PKR ERN April 2024
PKR ERN May 2024
PKR ERN June 2024
PKR ERN July 2024
PKR ERN August 2024
PKR ERN September 2024
PKR ERN October 2024
PKR ERN November 2024
PKR ERN December 2024
PKR ERN January 2025