Convert Eritrean Nakfa to Czech Republic Koruna
Please provide values below to convert Eritrean Nakfa [ERN] to Czech Republic Koruna [CZK], or Convert Czech Republic Koruna to Eritrean Nakfa.
How to Convert Eritrean Nakfa to Czech Republic Koruna
1 ERN = 0.714387769681383 CZK
Example: convert 15 ERN to CZK:
15 ERN = 15 × 0.714387769681383 CZK = 10.7158165452207 CZK
Eritrean Nakfa to Czech Republic Koruna Conversion Table
| Eritrean Nakfa | Czech Republic Koruna |
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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.
Czech Republic Koruna
The Czech Republic Koruna (CZK) is the official currency of the Czech Republic, used for all monetary transactions within the country.
History/Origin
The Koruna was introduced in 1993 following the dissolution of Czechoslovakia, replacing the Czechoslovak koruna at par. It has undergone various reforms and decimalization over the years.
Current Use
The CZK is widely used in everyday transactions, banking, and international trade within the Czech Republic. It is also accepted in some neighboring regions and is actively traded on the foreign exchange market.