Convert Eritrean Nakfa to Tanzanian Shilling
Please provide values below to convert Eritrean Nakfa [ERN] to Tanzanian Shilling [TZS], or Convert Tanzanian Shilling to Eritrean Nakfa.
How to Convert Eritrean Nakfa to Tanzanian Shilling
1 ERN = 0.0058363006382734 TZS
Example: convert 15 ERN to TZS:
15 ERN = 15 × 0.0058363006382734 TZS = 0.087544509574101 TZS
Eritrean Nakfa to Tanzanian Shilling Conversion Table
| Eritrean Nakfa | Tanzanian Shilling |
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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.
Tanzanian Shilling
The Tanzanian Shilling (TZS) is the official currency of Tanzania, used for everyday transactions within the country.
History/Origin
Introduced in 1966, replacing the East African Shilling, the Tanzanian Shilling has undergone various redenominations and reforms to stabilize the economy and modernize the currency system.
Current Use
Today, the Tanzanian Shilling is widely used in Tanzania for all forms of financial transactions, including cash payments, banking, and trade, and is managed by the Bank of Tanzania.