Convert Norwegian Krone to Eritrean Nakfa
Please provide values below to convert Norwegian Krone [NOK] to Eritrean Nakfa [ERN], or Convert Eritrean Nakfa to Norwegian Krone.
How to Convert Norwegian Krone to Eritrean Nakfa
1 NOK = 0.67412 ERN
Example: convert 15 NOK to ERN:
15 NOK = 15 × 0.67412 ERN = 10.1118 ERN
Norwegian Krone to Eritrean Nakfa Conversion Table
| Norwegian Krone | Eritrean Nakfa |
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Norwegian Krone
The Norwegian Krone (NOK) is the official currency of Norway, used for everyday transactions and monetary exchanges within the country.
History/Origin
The Norwegian Krone was introduced in 1875, replacing the Norwegian Speciedaler, and has undergone various reforms, including decimalization in 1875 and decimal standardization in 1963. It has been Norway's official currency since then.
Current Use
The NOK is actively used in Norway for all financial transactions, including banking, commerce, and international trade. It is also traded on the foreign exchange market and is considered a stable currency within the region.
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.