Convert Eritrean Nakfa to Costa Rican Colón
Please provide values below to convert Eritrean Nakfa [ERN] to Costa Rican Colón [CRC], or Convert Costa Rican Colón to Eritrean Nakfa.
How to Convert Eritrean Nakfa to Costa Rican Colón
1 ERN = 0.0297430203045685 CRC
Example: convert 15 ERN to CRC:
15 ERN = 15 × 0.0297430203045685 CRC = 0.446145304568528 CRC
Eritrean Nakfa to Costa Rican Colón Conversion Table
| Eritrean Nakfa | Costa Rican Colón |
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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.
Costa Rican Colón
The Costa Rican Colón (CRC) is the official currency of Costa Rica, used for everyday transactions within the country.
History/Origin
Introduced in 1896, the Colón replaced the Costa Rican peso and was named after Christopher Columbus (Cristóbal Colón). It has undergone various devaluations and redesigns over the years to stabilize the economy.
Current Use
The CRC remains the official currency of Costa Rica, widely used in all economic activities, with banknotes and coins circulating throughout the country. It is also used in currency conversions and financial transactions domestically.