Convert Eritrean Nakfa to Philippine Peso
Please provide values below to convert Eritrean Nakfa [ERN] to Philippine Peso [PHP], or Convert Philippine Peso to Eritrean Nakfa.
How to Convert Eritrean Nakfa to Philippine Peso
1 ERN = 0.263424554329558 PHP
Example: convert 15 ERN to PHP:
15 ERN = 15 × 0.263424554329558 PHP = 3.95136831494337 PHP
Eritrean Nakfa to Philippine Peso Conversion Table
| Eritrean Nakfa | Philippine Peso |
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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.
Philippine Peso
The Philippine Peso (PHP) is the official currency of the Philippines, used for all monetary transactions within the country.
History/Origin
The Philippine Peso was first introduced during the Spanish colonial period in the 16th century and has undergone various reforms and changes in design and denomination over the years, becoming the official currency of the Philippines in 1946 after independence.
Current Use
Today, the PHP is widely used in everyday transactions, banking, and commerce in the Philippines, and it is also traded in foreign exchange markets globally.