Convert Eritrean Nakfa to Ethiopian Birr
Please provide values below to convert Eritrean Nakfa [ERN] to Ethiopian Birr [ETB], or Convert Ethiopian Birr to Eritrean Nakfa.
How to Convert Eritrean Nakfa to Ethiopian Birr
1 ERN = 0.109779767149795 ETB
Example: convert 15 ERN to ETB:
15 ERN = 15 × 0.109779767149795 ETB = 1.64669650724693 ETB
Eritrean Nakfa to Ethiopian Birr Conversion Table
| Eritrean Nakfa | Ethiopian Birr |
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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.
Ethiopian Birr
The Ethiopian Birr (ETB) is the official currency of Ethiopia, used for all monetary transactions within the country.
History/Origin
The Birr was introduced in 1894, replacing the Maria Theresa thaler, and has undergone various reforms and decimalization over the years to modernize Ethiopia's currency system.
Current Use
Today, the Ethiopian Birr is actively used as Ethiopia's legal tender, with coins and banknotes circulating for everyday transactions and economic activities.