Convert Syrian Pound to Eritrean Nakfa
Please provide values below to convert Syrian Pound [SYP] to Eritrean Nakfa [ERN], or Convert Eritrean Nakfa to Syrian Pound.
How to Convert Syrian Pound to Eritrean Nakfa
1 SYP = 860.308393333333 ERN
Example: convert 15 SYP to ERN:
15 SYP = 15 × 860.308393333333 ERN = 12904.6259 ERN
Syrian Pound to Eritrean Nakfa Conversion Table
| Syrian Pound | Eritrean Nakfa |
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Syrian Pound
The Syrian Pound (SYP) is the official currency of Syria, used for everyday transactions and monetary exchanges within the country.
History/Origin
The Syrian Pound was introduced in 1947, replacing the Syrian lira, and has undergone various devaluations and reforms due to economic challenges and conflicts in Syria.
Current Use
Today, the Syrian Pound remains the official currency of Syria, though its value is heavily affected by ongoing economic instability and sanctions, with limited use in some regions and a significant presence of foreign currencies.
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.