Convert Eritrean Nakfa to Russian Ruble
Please provide values below to convert Eritrean Nakfa [ERN] to Russian Ruble [RUB], or Convert Russian Ruble to Eritrean Nakfa.
How to Convert Eritrean Nakfa to Russian Ruble
1 ERN = 0.191301153928561 RUB
Example: convert 15 ERN to RUB:
15 ERN = 15 × 0.191301153928561 RUB = 2.86951730892841 RUB
Eritrean Nakfa to Russian Ruble Conversion Table
| Eritrean Nakfa | Russian Ruble |
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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.
Russian Ruble
The Russian Ruble (RUB) is the official currency of Russia, used for everyday transactions and financial exchanges within the country.
History/Origin
The Ruble has been the currency of Russia for centuries, with origins dating back to the 13th century. It has undergone various reforms and redenominations, most notably after the Soviet Union's dissolution in 1991, establishing the modern RUB as the national currency.
Current Use
Today, the Russian Ruble is widely used throughout Russia for all forms of payment, including cash, electronic transfers, and banking transactions. It is also traded on international currency markets.