Convert Eritrean Nakfa to Saudi Riyal
Please provide values below to convert Eritrean Nakfa [ERN] to Saudi Riyal [SAR], or Convert Saudi Riyal to Eritrean Nakfa.
How to Convert Eritrean Nakfa to Saudi Riyal
1 ERN = 4 SAR
Example: convert 15 ERN to SAR:
15 ERN = 15 × 4 SAR = 60 SAR
Eritrean Nakfa to Saudi Riyal Conversion Table
| Eritrean Nakfa | Saudi Riyal |
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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.
Saudi Riyal
The Saudi Riyal (SAR) is the official currency of Saudi Arabia, used for all monetary transactions within the country.
History/Origin
The Saudi Riyal was introduced in 1925, replacing the Indian Rupee, and has undergone various reforms, including decimalization in 1929. It is issued and regulated by the Saudi Central Bank.
Current Use
The SAR is widely used in Saudi Arabia for everyday transactions, banking, and international trade, and is pegged to the US dollar at a fixed rate.