Convert Guatemalan Quetzal to Eritrean Nakfa
Please provide values below to convert Guatemalan Quetzal [GTQ] to Eritrean Nakfa [ERN], or Convert Eritrean Nakfa to Guatemalan Quetzal.
How to Convert Guatemalan Quetzal to Eritrean Nakfa
1 GTQ = 0.511646666666667 ERN
Example: convert 15 GTQ to ERN:
15 GTQ = 15 × 0.511646666666667 ERN = 7.6747 ERN
Guatemalan Quetzal to Eritrean Nakfa Conversion Table
| Guatemalan Quetzal | Eritrean Nakfa |
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Guatemalan Quetzal
The Guatemalan Quetzal (GTQ) is the official currency of Guatemala, used for all monetary transactions within the country.
History/Origin
The Quetzal was introduced as the official currency of Guatemala in 1925, replacing the Guatemalan peso. It was named after the quetzal bird, a symbol of liberty in Guatemala, and was initially pegged to the US dollar. The currency has undergone various reforms and decimalization since its inception.
Current Use
Today, the GTQ is widely used throughout Guatemala for everyday transactions, banking, and trade. It is managed by the Bank of Guatemala and remains the country's legal tender.
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.