Historic Polish Zloty Eritrean nakfa

Polish Zloty eritrean nakfa history for January 2024. The highest quote for this month is 3.8268 (01/01/2024) and the lowest 3.8389 (01/01/2024). The difference between high and low is -0.32.

PLN ERN average rate for January 2024 is 3.77392, the change between 01/01/2024 and 31/01/2024 is +2.23 %.

01 January 20241 PLN = 3.839 ERN
02 January 20241 PLN = 3.828 ERN
03 January 20241 PLN = 3.772 ERN
04 January 20241 PLN = 3.786 ERN
05 January 20241 PLN = 3.798 ERN
06 January 20241 PLN = 3.794 ERN
07 January 20241 PLN = 3.797 ERN
08 January 20241 PLN = 3.792 ERN
09 January 20241 PLN = 3.810 ERN
10 January 20241 PLN = 3.788 ERN
11 January 20241 PLN = 3.818 ERN
12 January 20241 PLN = 3.799 ERN
14 January 20241 PLN = 3.786 ERN
15 January 20241 PLN = 3.790 ERN
16 January 20241 PLN = 3.775 ERN
17 January 20241 PLN = 3.729 ERN
18 January 20241 PLN = 3.734 ERN
19 January 20241 PLN = 3.736 ERN
22 January 20241 PLN = 3.773 ERN
23 January 20241 PLN = 3.755 ERN
24 January 20241 PLN = 3.730 ERN
25 January 20241 PLN = 3.745 ERN
26 January 20241 PLN = 3.740 ERN
28 January 20241 PLN = 3.748 ERN
29 January 20241 PLN = 3.744 ERN
30 January 20241 PLN = 3.740 ERN
31 January 20241 PLN = 3.753 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.

03/03/2020: COVID-19 Pandemic Impact

The COVID-19 pandemic caused significant fluctuations in the value of the Polish Zloty, influenced by global economic uncertainties and shocks to foreign trade.

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.

17/11/2014: National Bank of Poland Intervention

The National Bank of Poland intervened in the currency market to weaken the Polish Zloty, aiming to stimulate exports and counter deflationary pressures.

01/04/2011: Poland Joins the ERM II

Poland's participation in the European Exchange Rate Mechanism II aimed to facilitate converging towards the Euro and maintaining stability for the Polish Zloty.

27/10/2008: Global Financial Crisis

The global financial crisis had repercussions on the Polish Zloty, with the currency experiencing devaluation and higher volatility due to market uncertainty.

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.

01/05/2004: Poland's EU Accession

Poland's accession to the European Union had a profound impact on the Polish Zloty, as it became subject to EU regulations and influenced by the Eurozone.

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.

04/06/1989: Fall of Communism in Poland

The end of communist rule in Poland led to significant economic and currency reforms, including a stabilization program that strengthened the Polish Zloty.

01/01/1950: Introduction of the Polish Zloty

The Polish Zloty was introduced as the official currency of Poland, replacing the old Polish currency. It played a crucial role in rebuilding the post-war economy.
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