Convert Swiss Franc to Eritrean Nakfa
Please provide values below to convert Swiss Franc [CHF] to Eritrean Nakfa [ERN], or Convert Eritrean Nakfa to Swiss Franc.
How to Convert Swiss Franc to Eritrean Nakfa
1 CHF = 0.0529933333333333 ERN
Example: convert 15 CHF to ERN:
15 CHF = 15 × 0.0529933333333333 ERN = 0.7949 ERN
Swiss Franc to Eritrean Nakfa Conversion Table
| Swiss Franc | Eritrean Nakfa |
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Swiss Franc
The Swiss Franc (CHF) is the official currency of Switzerland and Liechtenstein, used as a standard monetary unit for transactions and financial purposes.
History/Origin
The Swiss Franc was introduced in 1850, replacing various local currencies, and has since become a stable and widely recognized currency, with its value historically linked to gold until the abandonment of the gold standard in the 20th century.
Current Use
Today, the Swiss Franc is used primarily in Switzerland and Liechtenstein for everyday transactions, banking, and international trade, and is considered a major reserve currency globally.
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.