Historic Romanian leu Eritrean nakfa

Romanian leu eritrean nakfa history for January 2024. The highest quote for this month is 3.35 (01/01/2024) and the lowest 3.35 (01/01/2024). The difference between high and low is 0.

RON ERN average rate for January 2024 is 3.30928, the change between 01/01/2024 and 31/01/2024 is +1.89 %.

01 January 20241 RON = 3.347 ERN
02 January 20241 RON = 3.349 ERN
03 January 20241 RON = 3.317 ERN
04 January 20241 RON = 3.316 ERN
05 January 20241 RON = 3.320 ERN
07 January 20241 RON = 3.327 ERN
08 January 20241 RON = 3.323 ERN
09 January 20241 RON = 3.323 ERN
10 January 20241 RON = 3.312 ERN
11 January 20241 RON = 3.330 ERN
12 January 20241 RON = 3.327 ERN
14 January 20241 RON = 3.315 ERN
15 January 20241 RON = 3.324 ERN
16 January 20241 RON = 3.320 ERN
17 January 20241 RON = 3.293 ERN
18 January 20241 RON = 3.300 ERN
19 January 20241 RON = 3.293 ERN
22 January 20241 RON = 3.296 ERN
23 January 20241 RON = 3.293 ERN
24 January 20241 RON = 3.292 ERN
25 January 20241 RON = 3.299 ERN
26 January 20241 RON = 3.288 ERN
28 January 20241 RON = 3.286 ERN
29 January 20241 RON = 3.286 ERN
30 January 20241 RON = 3.284 ERN
31 January 20241 RON = 3.283 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.