Historic Romanian leu Eritrean nakfa

Romanian leu eritrean nakfa history for November 2023. The highest quote for this month is 3.3253 (29/11/2023) and the lowest 3.3389 (29/11/2023). The difference between high and low is -0.41.

RON ERN average rate for November 2023 is 3.28296, the change between 01/11/2023 and 30/11/2023 is -3.63 %.

01 November 20231 RON = 3.209 ERN
06 November 20231 RON = 3.250 ERN
07 November 20231 RON = 3.255 ERN
08 November 20231 RON = 3.244 ERN
09 November 20231 RON = 3.252 ERN
10 November 20231 RON = 3.234 ERN
12 November 20231 RON = 3.238 ERN
13 November 20231 RON = 3.234 ERN
14 November 20231 RON = 3.242 ERN
15 November 20231 RON = 3.297 ERN
16 November 20231 RON = 3.296 ERN
17 November 20231 RON = 3.296 ERN
19 November 20231 RON = 3.311 ERN
20 November 20231 RON = 3.301 ERN
21 November 20231 RON = 3.321 ERN
22 November 20231 RON = 3.310 ERN
23 November 20231 RON = 3.300 ERN
24 November 20231 RON = 3.310 ERN
26 November 20231 RON = 3.314 ERN
27 November 20231 RON = 3.314 ERN
28 November 20231 RON = 3.321 ERN
29 November 20231 RON = 3.335 ERN
30 November 20231 RON = 3.325 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.
RON ERN July 2023
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