Romanian leu eritrean nakfa exchange rate history (RON ERN) December 2023

Romanian leu eritrean nakfa history for December 2023. The highest quote for this month is 3.3579 (28/12/2023) and the lowest 3.3738 (28/12/2023). The difference between high and low is -0.47.

RON ERN average rate for December 2023 is 3.30674, the change between 01/12/2023 and 31/12/2023 is -1.75 %.

01 December 2023	1 RON = 3.302 ERN
03 December 2023	1 RON = 3.300 ERN
04 December 2023	1 RON = 3.283 ERN
05 December 2023	1 RON = 3.291 ERN
06 December 2023	1 RON = 3.275 ERN
07 December 2023	1 RON = 3.269 ERN
08 December 2023	1 RON = 3.271 ERN
10 December 2023	1 RON = 3.262 ERN
11 December 2023	1 RON = 3.267 ERN
12 December 2023	1 RON = 3.267 ERN
13 December 2023	1 RON = 3.276 ERN
14 December 2023	1 RON = 3.301 ERN
15 December 2023	1 RON = 3.334 ERN
16 December 2023	1 RON = 3.306 ERN
17 December 2023	1 RON = 3.309 ERN
18 December 2023	1 RON = 3.306 ERN
19 December 2023	1 RON = 3.315 ERN
20 December 2023	1 RON = 3.328 ERN
21 December 2023	1 RON = 3.317 ERN
22 December 2023	1 RON = 3.337 ERN
24 December 2023	1 RON = 3.337 ERN
26 December 2023	1 RON = 3.340 ERN
27 December 2023	1 RON = 3.352 ERN
28 December 2023	1 RON = 3.364 ERN
29 December 2023	1 RON = 3.359 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.

01/04/2019: Romania plans to adopt the euro

The Romanian government announces its intention to join the Eurozone and set a target date for adopting the euro as the national currency.

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.

01/06/2005: Currency redenomination

Romania underwent a currency redenomination, with 10,000 old lei being exchanged for 1 new leu, to simplify transactions and eliminate zeros.

01/07/2003: Romania joins EU Accession

As part of joining the European Union, Romania pledges to adopt the euro in the future, aiming for greater economic integration.

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.

28/02/1991: End of communist era

As communism collapsed, Romania undergoes economic reforms and introduces a free-floating exchange rate system for the leu.

30/12/1947: Communist regime introduces new leu

In an attempt to devalue the currency and control the economy, the Communist regime introduces a new leu at a ratio of 1:20,000.

01/03/1901: Introduction of the gold standard

Romanian leu was tied to the gold standard, ensuring the stability of the currency and attracting foreign investments.

01/04/1867: Creation of the Romanian leu

The leu was established as the official currency of Romania, replacing the previous currencies in circulation.

Historic Romanian leu Eritrean nakfa