Historic Sri Lankan rupee Eritrean nakfa

Sri Lankan rupee eritrean nakfa history for February 2024. The highest quote for this month is 0.049147 (29/02/2024) and the lowest 0.049091 (29/02/2024). The difference between high and low is 0.11.

LKR ERN average rate for February 2024 is 0.04867, the change between 01/02/2024 and 29/02/2024 is -1.79 %.

01 February 20241 LKR = 0.0483 ERN
02 February 20241 LKR = 0.0485 ERN
03 February 20241 LKR = 0.0484 ERN
05 February 20241 LKR = 0.0484 ERN
06 February 20241 LKR = 0.0486 ERN
07 February 20241 LKR = 0.0485 ERN
08 February 20241 LKR = 0.0485 ERN
09 February 20241 LKR = 0.0486 ERN
12 February 20241 LKR = 0.0486 ERN
13 February 20241 LKR = 0.0486 ERN
14 February 20241 LKR = 0.0486 ERN
15 February 20241 LKR = 0.0486 ERN
16 February 20241 LKR = 0.0487 ERN
19 February 20241 LKR = 0.0487 ERN
20 February 20241 LKR = 0.0487 ERN
21 February 20241 LKR = 0.0488 ERN
22 February 20241 LKR = 0.0488 ERN
23 February 20241 LKR = 0.0490 ERN
26 February 20241 LKR = 0.0490 ERN
27 February 20241 LKR = 0.0490 ERN
28 February 20241 LKR = 0.0490 ERN
29 February 20241 LKR = 0.0491 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.

16/12/2016: Demonetization of 50 Rupee Note

The 50 Rupee banknote was demonetized, leading to widespread confusion and inconvenience as people rushed to exchange their old notes.

22/01/2015: Dollarization policy imposed

Eritrea imposed a dollarization policy, making the US dollar the predominant currency for most transactions.

01/01/2010: Decimalization of Rupee

The Rupee was decimalized, with the introduction of coins denominated in cents, replacing the previous system of cents represented as a fraction of a Rupee.

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.

17/08/2005: Series of New Banknotes

A new series of banknotes featuring improved security features and a more vibrant design was introduced to combat counterfeiting.

01/06/2001: Introduction of 10 Rupee Coin

The 10 Rupee coin was introduced, replacing the 10 Rupee banknotes, to reduce the cost of production and improve durability.

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.

01/07/1977: Floating Exchange Rate

Sri Lanka shifted to a floating exchange rate regime, allowing the value of the Rupee to fluctuate based on market forces.

22/05/1972: Ceylon becomes Sri Lanka

The country changes its name from Ceylon to Sri Lanka, and the currency is renamed Sri Lankan Rupee (LKR).

22/06/1966: Introduction of the Ceylon Rupee

The Ceylon Rupee was established as the official currency of Sri Lanka, replacing the Indian Rupee at a rate of 1:2.
LKR ERN January 2024
LKR ERN February 2024
LKR ERN March 2024
LKR ERN April 2024
LKR ERN May 2024
LKR ERN June 2024
LKR ERN July 2024
LKR ERN August 2024
LKR ERN September 2024
LKR ERN October 2024
LKR ERN November 2024
LKR ERN December 2024
LKR ERN January 2025