Convert Eritrean Nakfa to Ukrainian Hryvnia
Please provide values below to convert Eritrean Nakfa [ERN] to Ukrainian Hryvnia [UAH], or Convert Ukrainian Hryvnia to Eritrean Nakfa.
How to Convert Eritrean Nakfa to Ukrainian Hryvnia
1 ERN = 0.359027752845295 UAH
Example: convert 15 ERN to UAH:
15 ERN = 15 × 0.359027752845295 UAH = 5.38541629267942 UAH
Eritrean Nakfa to Ukrainian Hryvnia Conversion Table
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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.
Ukrainian Hryvnia
The Ukrainian Hryvnia (UAH) is the official currency of Ukraine, used for all monetary transactions within the country.
History/Origin
The Hryvnia was first introduced in Ukraine in 1918 during the brief independence period, replaced by the Soviet ruble. It was reintroduced in 1996 after Ukraine gained independence from the Soviet Union, replacing the karbovanets as the national currency.
Current Use
Today, the Hryvnia is the sole legal tender in Ukraine, widely used in everyday transactions, banking, and financial markets. It is managed by the National Bank of Ukraine and features modern banknotes and coins.