Convert Bulgarian Lev to Eritrean Nakfa
Please provide values below to convert Bulgarian Lev [BGN] to Eritrean Nakfa [ERN], or Convert Eritrean Nakfa to Bulgarian Lev.
How to Convert Bulgarian Lev to Eritrean Nakfa
1 BGN = 0.111173333333333 ERN
Example: convert 15 BGN to ERN:
15 BGN = 15 × 0.111173333333333 ERN = 1.6676 ERN
Bulgarian Lev to Eritrean Nakfa Conversion Table
| Bulgarian Lev | Eritrean Nakfa |
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Bulgarian Lev
The Bulgarian Lev (BGN) is the official currency of Bulgaria, used for everyday transactions and monetary exchanges within the country.
History/Origin
The Lev was introduced in 1881, replacing the Bulgarian lev of the Ottoman Empire, and has undergone several reforms, most notably in 1999 when the current fixed exchange rate system was established to stabilize the economy.
Current Use
The Bulgarian Lev is the sole legal tender in Bulgaria, widely used in all financial transactions, banking, and commerce within the country, and is pegged to the Euro at a fixed rate.
Eritrean Nakfa
The Eritrean Nakfa (ERN) is the official currency of Eritrea, used for all monetary transactions within the country.
History/Origin
The Nakfa was introduced in 1997, replacing the Ethiopian Birr as Eritrea's national currency, to establish economic independence and stabilize the economy after independence in 1993.
Current Use
The ERN is actively used as the primary currency in Eritrea for everyday transactions, banking, and trade, with its value regulated by the country's central bank.