Historic Papua New Guinean Kina Eritrean nakfa

Papua New Guinean Kina eritrean nakfa history for January 2024. The highest quote for this month is 4.1189 (08/01/2024) and the lowest 4.1826 (25/01/2024). The difference between high and low is -1.55.

PGK ERN average rate for January 2024 is 4.12997, the change between 01/01/2024 and 31/01/2024 is -2.94 %.

01 January 20241 PGK = 4.056 ERN
02 January 20241 PGK = 4.052 ERN
03 January 20241 PGK = 4.174 ERN
04 January 20241 PGK = 4.179 ERN
05 January 20241 PGK = 4.177 ERN
06 January 20241 PGK = 4.044 ERN
08 January 20241 PGK = 4.122 ERN
09 January 20241 PGK = 4.167 ERN
10 January 20241 PGK = 4.112 ERN
11 January 20241 PGK = 4.058 ERN
12 January 20241 PGK = 4.108 ERN
15 January 20241 PGK = 4.119 ERN
16 January 20241 PGK = 4.118 ERN
17 January 20241 PGK = 4.101 ERN
18 January 20241 PGK = 4.160 ERN
19 January 20241 PGK = 4.154 ERN
22 January 20241 PGK = 4.113 ERN
23 January 20241 PGK = 4.162 ERN
24 January 20241 PGK = 4.183 ERN
25 January 20241 PGK = 4.183 ERN
26 January 20241 PGK = 4.184 ERN
29 January 20241 PGK = 4.040 ERN
30 January 20241 PGK = 4.182 ERN
31 January 20241 PGK = 4.175 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.

24/03/2020: COVID-19 Economic Impact

The COVID-19 pandemic had a significant impact on the Papua New Guinean economy and the value of the Kina, leading to economic challenges and policy interventions.

25/02/2019: Introduction of new nakfa banknotes

Eritrea introduced new banknotes in denominations of 5, 10, 20, 50, and 100 nakfa.

19/11/2018: Launch of New Kina Notes and Coins

The Bank of Papua New Guinea launched a new series of Kina banknotes and coins, featuring enhanced security features and improved design.

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.

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.

08/05/1995: Introduction of Polymer Banknotes

Polymer banknotes were introduced in Papua New Guinea, replacing the traditional paper banknotes and providing increased durability.

28/07/1989: Kina Floats in Foreign Exchange Market

The Papua New Guinean Kina was allowed to float freely in the foreign exchange market, leading to fluctuations in its value.

03/02/1976: First Kina Banknotes Issued

The Bank of Papua New Guinea issued the first series of Kina banknotes, featuring unique designs and local elements.

19/12/1975: Independence from Australia

Papua New Guinea gained independence, leading to the introduction of the Papua New Guinean Kina as its currency.

19/12/1975: Introduction of the Kina

The Papua New Guinean Kina was officially introduced as the national currency, replacing the Australian Dollar at a rate of 2 Kina to 1 Australian Dollar.
PGK ERN January 2024
PGK ERN February 2024
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PGK ERN January 2025