Historic Uzbekistani som Eritrean nakfa

Uzbekistani som eritrean nakfa history for January 2024. The highest quote for this month is 0.001224 (04/01/2024) and the lowest 0.001226 (08/01/2024). The difference between high and low is -0.16.

UZS ERN average rate for January 2024 is 0.00122, the change between 01/01/2024 and 31/01/2024 is +0.74 %.

01 January 20241 UZS = 0.0012 ERN
02 January 20241 UZS = 0.0012 ERN
03 January 20241 UZS = 0.0012 ERN
04 January 20241 UZS = 0.0012 ERN
05 January 20241 UZS = 0.0012 ERN
08 January 20241 UZS = 0.0012 ERN
09 January 20241 UZS = 0.0012 ERN
10 January 20241 UZS = 0.0012 ERN
11 January 20241 UZS = 0.0012 ERN
12 January 20241 UZS = 0.0012 ERN
15 January 20241 UZS = 0.0012 ERN
16 January 20241 UZS = 0.0012 ERN
17 January 20241 UZS = 0.0012 ERN
18 January 20241 UZS = 0.0012 ERN
19 January 20241 UZS = 0.0012 ERN
22 January 20241 UZS = 0.0012 ERN
23 January 20241 UZS = 0.0012 ERN
24 January 20241 UZS = 0.0012 ERN
25 January 20241 UZS = 0.0012 ERN
26 January 20241 UZS = 0.0012 ERN
29 January 20241 UZS = 0.0012 ERN
30 January 20241 UZS = 0.0012 ERN
31 January 20241 UZS = 0.0012 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.

25/02/2020: Introduction of New Large Denomination Banknotes

Uzbekistan introduced new 100,000 and 200,000 som banknotes to meet the requirements of the growing economy and reduce cash circulation.

25/02/2019: Introduction of new nakfa banknotes

Eritrea introduced new banknotes in denominations of 5, 10, 20, 50, and 100 nakfa.

08/02/2019: Exchange Rate Unification

Uzbekistan unified the official and black-market exchange rates, allowing for more transparency in currency transactions.

30/10/2018: Currency devaluation

Eritrea devalued the nakfa by 14%, reducing its official exchange rate to 1 USD = 15 ERN.

03/09/2018: Denomination of Uzbekistani Som

Uzbekistan announced a 1:10,000 denomination of the som, as part of ongoing currency reform.

05/09/2017: Floating Exchange Rate Regime

Uzbekistan transitioned to a floating exchange rate regime, allowing the Uzbekistani Som's value to be determined by market forces.

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.

10/03/2001: Introduction of New Uzbekistani Som

Uzbekistan introduced a new som, with 1 new som equaling 1,000 old soms, as a result of currency reform.

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.

01/07/1994: Redenomination of Uzbekistani Som

Uzbekistan redenominated its currency, with 1 new som replacing 1,000 old soms to combat hyperinflation.

01/07/1993: Introduction of Uzbekistani Som

Uzbekistani Som (UZS) was introduced as the official currency of Uzbekistan after the country gained independence from the Soviet Union.
UZS ERN January 2024
UZS ERN February 2024
UZS ERN March 2024
UZS ERN April 2024
UZS ERN May 2024
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UZS ERN August 2024
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UZS ERN October 2024
UZS ERN November 2024
UZS ERN December 2024
UZS ERN January 2025