Convert Japanese Yen to Eritrean Nakfa
Please provide values below to convert Japanese Yen [JPY] to Eritrean Nakfa [ERN], or Convert Eritrean Nakfa to Japanese Yen.
How to Convert Japanese Yen to Eritrean Nakfa
1 JPY = 9.78874666666667 ERN
Example: convert 15 JPY to ERN:
15 JPY = 15 × 9.78874666666667 ERN = 146.8312 ERN
Japanese Yen to Eritrean Nakfa Conversion Table
| Japanese Yen | Eritrean Nakfa |
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Japanese Yen
The Japanese Yen (JPY) is the official currency of Japan, used as the country's primary medium of exchange.
History/Origin
Introduced in 1871 during the Meiji Restoration, the Yen replaced the previous complex monetary system and has undergone various reforms, including decimalization in 1954, to modernize Japan's currency system.
Current Use
The Yen is widely used in Japan for everyday transactions, banking, and international trade, and is one of the most traded currencies globally.
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.