Convert Eritrean Nakfa to Armenian Dram
Please provide values below to convert Eritrean Nakfa [ERN] to Armenian Dram [AMD], or Convert Armenian Dram to Eritrean Nakfa.
How to Convert Eritrean Nakfa to Armenian Dram
1 ERN = 0.0390571093052261 AMD
Example: convert 15 ERN to AMD:
15 ERN = 15 × 0.0390571093052261 AMD = 0.585856639578392 AMD
Eritrean Nakfa to Armenian Dram Conversion Table
| Eritrean Nakfa | Armenian Dram |
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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.
Armenian Dram
The Armenian Dram (AMD) is the official currency of Armenia, used for all monetary transactions within the country.
History/Origin
The Armenian Dram was introduced in 1993 following Armenia's independence from the Soviet Union, replacing the Soviet ruble as the national currency.
Current Use
The AMD is actively used in Armenia for everyday transactions, banking, and trade, and is managed by the Central Bank of Armenia.