Historic Russian ruble Eritrean nakfa

Russian ruble eritrean nakfa history for December 2023. The highest quote for this month is 0.16695 (13/12/2023) and the lowest 0.17028 (14/12/2023). The difference between high and low is -1.99.

RUB ERN average rate for December 2023 is 0.16548, the change between 01/12/2023 and 31/12/2023 is -1.83 %.

01 December 20231 RUB = 0.1673 ERN
02 December 20231 RUB = 0.1651 ERN
03 December 20231 RUB = 0.1662 ERN
04 December 20231 RUB = 0.1650 ERN
05 December 20231 RUB = 0.1648 ERN
06 December 20231 RUB = 0.1669 ERN
07 December 20231 RUB = 0.1625 ERN
08 December 20231 RUB = 0.1629 ERN
10 December 20231 RUB = 0.1639 ERN
11 December 20231 RUB = 0.1636 ERN
12 December 20231 RUB = 0.1657 ERN
13 December 20231 RUB = 0.1670 ERN
14 December 20231 RUB = 0.1685 ERN
15 December 20231 RUB = 0.1684 ERN
16 December 20231 RUB = 0.1663 ERN
17 December 20231 RUB = 0.1667 ERN
18 December 20231 RUB = 0.1661 ERN
19 December 20231 RUB = 0.1665 ERN
20 December 20231 RUB = 0.1664 ERN
21 December 20231 RUB = 0.1671 ERN
22 December 20231 RUB = 0.1621 ERN
23 December 20231 RUB = 0.1631 ERN
24 December 20231 RUB = 0.1633 ERN
26 December 20231 RUB = 0.1637 ERN
27 December 20231 RUB = 0.1645 ERN
28 December 20231 RUB = 0.1643 ERN
29 December 20231 RUB = 0.1704 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.

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.

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.