Historic Arab Emirates Dirham Eritrean nakfa

Arab Emirates Dirham eritrean nakfa history for February 2024. The highest quote for this month is 4.1034 (28/02/2024) and the lowest 4.1041 (19/02/2024). The difference between high and low is -0.02.

AED ERN average rate for February 2024 is 4.10136, the change between 01/02/2024 and 29/02/2024 is +0.13 %.

01 February 20241 AED = 4.104 ERN
02 February 20241 AED = 4.099 ERN
03 February 20241 AED = 4.098 ERN
04 February 20241 AED = 4.098 ERN
05 February 20241 AED = 4.104 ERN
06 February 20241 AED = 4.099 ERN
07 February 20241 AED = 4.104 ERN
08 February 20241 AED = 4.099 ERN
09 February 20241 AED = 4.104 ERN
12 February 20241 AED = 4.098 ERN
13 February 20241 AED = 4.104 ERN
14 February 20241 AED = 4.104 ERN
15 February 20241 AED = 4.099 ERN
16 February 20241 AED = 4.104 ERN
17 February 20241 AED = 4.103 ERN
18 February 20241 AED = 4.104 ERN
19 February 20241 AED = 4.104 ERN
20 February 20241 AED = 4.099 ERN
21 February 20241 AED = 4.103 ERN
22 February 20241 AED = 4.099 ERN
23 February 20241 AED = 4.103 ERN
24 February 20241 AED = 4.103 ERN
25 February 20241 AED = 4.103 ERN
26 February 20241 AED = 4.098 ERN
27 February 20241 AED = 4.104 ERN
28 February 20241 AED = 4.099 ERN
29 February 20241 AED = 4.099 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.
AED ERN August 2023
AED ERN September 2023
AED ERN October 2023
AED ERN November 2023
AED ERN December 2023
AED ERN January 2024
AED ERN February 2024
AED ERN March 2024
AED ERN April 2024
AED ERN May 2024
AED ERN June 2024
AED ERN July 2024
AED ERN August 2024