Convert Eritrean Nakfa to Thai Baht
Please provide values below to convert Eritrean Nakfa [ERN] to Thai Baht [THB], or Convert Thai Baht to Eritrean Nakfa.
How to Convert Eritrean Nakfa to Thai Baht
1 ERN = 0.465656295983559 THB
Example: convert 15 ERN to THB:
15 ERN = 15 × 0.465656295983559 THB = 6.98484443975339 THB
Eritrean Nakfa to Thai Baht Conversion Table
| Eritrean Nakfa | Thai Baht |
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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.
Thai Baht
The Thai Baht (THB) is the official currency of Thailand, used for all monetary transactions within the country.
History/Origin
The Thai Baht has been the official currency of Thailand since the late 19th century, evolving from the traditional tical and undergoing various reforms, including decimalization in 1897 and a series of currency reforms to stabilize its value.
Current Use
The Thai Baht is widely used in Thailand for everyday transactions, banking, and international trade. It is also traded on the foreign exchange market and is considered a stable currency in Southeast Asia.