Historic Sri Lankan rupee Eritrean nakfa

Sri Lankan rupee eritrean nakfa history for January 2024. The highest quote for this month is 0.047964 (31/01/2024) and the lowest 0.048202 (31/01/2024). The difference between high and low is -0.5.

LKR ERN average rate for January 2024 is 0.04734, the change between 01/01/2024 and 31/01/2024 is -2.25 %.

01 January 20241 LKR = 0.0469 ERN
02 January 20241 LKR = 0.0469 ERN
03 January 20241 LKR = 0.0472 ERN
04 January 20241 LKR = 0.0472 ERN
05 January 20241 LKR = 0.0471 ERN
06 January 20241 LKR = 0.0469 ERN
08 January 20241 LKR = 0.0471 ERN
09 January 20241 LKR = 0.0472 ERN
10 January 20241 LKR = 0.0471 ERN
11 January 20241 LKR = 0.0471 ERN
12 January 20241 LKR = 0.0471 ERN
15 January 20241 LKR = 0.0473 ERN
16 January 20241 LKR = 0.0473 ERN
17 January 20241 LKR = 0.0472 ERN
18 January 20241 LKR = 0.0474 ERN
19 January 20241 LKR = 0.0473 ERN
22 January 20241 LKR = 0.0475 ERN
23 January 20241 LKR = 0.0475 ERN
24 January 20241 LKR = 0.0476 ERN
25 January 20241 LKR = 0.0478 ERN
26 January 20241 LKR = 0.0478 ERN
29 January 20241 LKR = 0.0478 ERN
30 January 20241 LKR = 0.0479 ERN
31 January 20241 LKR = 0.0480 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