Convert Euro to Eritrean Nakfa
Please provide values below to convert Euro [EUR] to Eritrean Nakfa [ERN], or Convert Eritrean Nakfa to Euro.
How to Convert Euro to Eritrean Nakfa
1 EUR = 0.0568466666666667 ERN
Example: convert 15 EUR to ERN:
15 EUR = 15 × 0.0568466666666667 ERN = 0.8527 ERN
Euro to Eritrean Nakfa Conversion Table
| Euro | Eritrean Nakfa |
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Euro
The euro (EUR) is the official currency of the Eurozone, used by 19 of the 27 European Union member states, and is one of the world's major reserve currencies.
History/Origin
The euro was introduced in electronic form in 1999 and banknotes and coins entered circulation on January 1, 2002, replacing national currencies and fostering economic integration within the Eurozone.
Current Use
The euro is widely used across the Eurozone countries for everyday transactions, international trade, and as a reserve currency held by central banks worldwide.
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.