Convert Guinean Franc to Eritrean Nakfa
Please provide values below to convert Guinean Franc [GNF] to Eritrean Nakfa [ERN], or Convert Eritrean Nakfa to Guinean Franc.
How to Convert Guinean Franc to Eritrean Nakfa
1 GNF = 579.67828 ERN
Example: convert 15 GNF to ERN:
15 GNF = 15 × 579.67828 ERN = 8695.1742 ERN
Guinean Franc to Eritrean Nakfa Conversion Table
| Guinean Franc | Eritrean Nakfa |
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Guinean Franc
The Guinean Franc (GNF) is the official currency of Guinea, used for all monetary transactions within the country.
History/Origin
The Guinean Franc was introduced in 1959, replacing the French CFA franc, following Guinea's independence, and has undergone various redenominations since then.
Current Use
Today, the GNF is used exclusively within Guinea for everyday transactions, banking, and trade, and is issued by the Central Bank of the Republic of Guinea.
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.