Convert Eritrean Nakfa to New Zealand Dollar
Please provide values below to convert Eritrean Nakfa [ERN] to New Zealand Dollar [NZD], or Convert New Zealand Dollar to Eritrean Nakfa.
How to Convert Eritrean Nakfa to New Zealand Dollar
1 ERN = 8.98741761533853 NZD
Example: convert 15 ERN to NZD:
15 ERN = 15 × 8.98741761533853 NZD = 134.811264230078 NZD
Eritrean Nakfa to New Zealand Dollar Conversion Table
| Eritrean Nakfa | New Zealand Dollar |
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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.
New Zealand Dollar
The New Zealand Dollar (NZD) is the official currency of New Zealand and its territories, used for everyday transactions and financial exchanges.
History/Origin
Introduced in 1967, replacing the New Zealand Pound, the NZD was initially pegged to the British Pound and later adopted a floating exchange rate system. It has undergone various reforms and is now managed by the Reserve Bank of New Zealand.
Current Use
The NZD is widely used in New Zealand and is also accepted in some Pacific Island nations. It is actively traded in international currency markets and is a key component of the country's economy.