Convert Egyptian Pound to Eritrean Nakfa
Please provide values below to convert Egyptian Pound [EGP] to Eritrean Nakfa [ERN], or Convert Eritrean Nakfa to Egyptian Pound.
How to Convert Egyptian Pound to Eritrean Nakfa
1 EGP = 3.27157333333333 ERN
Example: convert 15 EGP to ERN:
15 EGP = 15 × 3.27157333333333 ERN = 49.0736 ERN
Egyptian Pound to Eritrean Nakfa Conversion Table
| Egyptian Pound | Eritrean Nakfa |
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Egyptian Pound
The Egyptian Pound (EGP) is the official currency of Egypt, used for all monetary transactions within the country.
History/Origin
The Egyptian Pound was introduced in 1898, replacing the Egyptian piastre, and has undergone various reforms and decimalization over the years to modernize the currency system.
Current Use
Today, the Egyptian Pound is the primary currency in Egypt, issued and regulated by the Central Bank of Egypt, and is used in everyday transactions, banking, and trade.
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.