Convert Indonesian Rupiah to Eritrean Nakfa
Please provide values below to convert Indonesian Rupiah [IDR] to Eritrean Nakfa [ERN], or Convert Eritrean Nakfa to Indonesian Rupiah.
How to Convert Indonesian Rupiah to Eritrean Nakfa
1 IDR = 1085.86248 ERN
Example: convert 15 IDR to ERN:
15 IDR = 15 × 1085.86248 ERN = 16287.9372 ERN
Indonesian Rupiah to Eritrean Nakfa Conversion Table
| Indonesian Rupiah | Eritrean Nakfa |
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Indonesian Rupiah
The Indonesian Rupiah (IDR) is the official currency of Indonesia, used for everyday transactions and monetary exchanges within the country.
History/Origin
The Rupiah was introduced in 1946 to replace the Dutch East Indies gulden. It has undergone various reforms and redenominations over the years, especially following Indonesia's independence and economic changes, to stabilize the economy and control inflation.
Current Use
Today, the Rupiah is widely used across Indonesia for all forms of financial transactions, including cash payments, banking, and digital transactions. It remains the official legal tender of Indonesia.
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.