Convert Namibian Dollar to Eritrean Nakfa
Please provide values below to convert Namibian Dollar [NAD] to Eritrean Nakfa [ERN], or Convert Eritrean Nakfa to Namibian Dollar.
How to Convert Namibian Dollar to Eritrean Nakfa
1 NAD = 1.17111333333333 ERN
Example: convert 15 NAD to ERN:
15 NAD = 15 × 1.17111333333333 ERN = 17.5667 ERN
Namibian Dollar to Eritrean Nakfa Conversion Table
| Namibian Dollar | Eritrean Nakfa |
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Namibian Dollar
The Namibian Dollar (NAD) is the official currency of Namibia, used for all monetary transactions within the country.
History/Origin
Introduced in 1993, replacing the South African Rand at par, the Namibian Dollar was established to establish a distinct national currency following independence from South Africa.
Current Use
The NAD is widely used in Namibia for everyday transactions, banking, and trade, and is pegged at par with the South African Rand, which is also accepted in Namibia.
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.