Historic Arab Emirates Dirham Eritrean nakfa

Arab Emirates Dirham eritrean nakfa history for December 2023. The highest quote for this month is 4.104 (07/12/2023) and the lowest 4.1047 (12/12/2023). The difference between high and low is -0.02.

AED ERN average rate for December 2023 is 4.10122, the change between 01/12/2023 and 31/12/2023 is -0.1 %.

01 December 20231 AED = 4.099 ERN
02 December 20231 AED = 4.099 ERN
03 December 20231 AED = 4.098 ERN
04 December 20231 AED = 4.099 ERN
05 December 20231 AED = 4.105 ERN
06 December 20231 AED = 4.099 ERN
07 December 20231 AED = 4.105 ERN
08 December 20231 AED = 4.099 ERN
10 December 20231 AED = 4.099 ERN
11 December 20231 AED = 4.104 ERN
12 December 20231 AED = 4.105 ERN
13 December 20231 AED = 4.105 ERN
14 December 20231 AED = 4.099 ERN
15 December 20231 AED = 4.104 ERN
16 December 20231 AED = 4.104 ERN
17 December 20231 AED = 4.104 ERN
18 December 20231 AED = 4.098 ERN
19 December 20231 AED = 4.104 ERN
20 December 20231 AED = 4.099 ERN
21 December 20231 AED = 4.099 ERN
22 December 20231 AED = 4.099 ERN
23 December 20231 AED = 4.098 ERN
24 December 20231 AED = 4.104 ERN
26 December 20231 AED = 4.099 ERN
27 December 20231 AED = 4.104 ERN
28 December 20231 AED = 4.099 ERN
29 December 20231 AED = 4.103 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.

17/06/2018: Introduction of New Banknotes

A new series of UAE dirham banknotes, featuring enhanced durability, 3D security features, and tactile marks for visually impaired individuals, is introduced.

22/01/2015: Dollarization policy imposed

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

01/01/2007: Security Enhancements

New security features, including holograms and advanced anti-counterfeiting measures, are added to the UAE dirham banknotes.

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.

01/12/2002: Introduction of Modern Coinage

A new series of UAE dirham coins, featuring modern designs and security features, is introduced.

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.

20/03/1995: Currency Peg to US Dollar

The UAE dirham is pegged to the United States dollar at a fixed exchange rate of 1 USD to 3.6725 AED.

01/01/1978: Currency Issuance Authority

The UAE Currency Issuing Authority is established, granting the authority to issue and manage the UAE dirham.

28/01/1973: Decoupling from Pound Sterling

The UAE dirham is officially decoupled from the British pound sterling and a new exchange rate is set.

02/12/1971: Formation of UAE

The United Arab Emirates is formed, resulting in the introduction of the UAE dirham as its official currency.
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