Convert Bhutanese Ngultrum to Eritrean Nakfa
Please provide values below to convert Bhutanese Ngultrum [BTN] to Eritrean Nakfa [ERN], or Convert Eritrean Nakfa to Bhutanese Ngultrum.
How to Convert Bhutanese Ngultrum to Eritrean Nakfa
1 BTN = 5.7589 ERN
Example: convert 15 BTN to ERN:
15 BTN = 15 × 5.7589 ERN = 86.3835 ERN
Bhutanese Ngultrum to Eritrean Nakfa Conversion Table
| Bhutanese Ngultrum | Eritrean Nakfa |
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Bhutanese Ngultrum
The Bhutanese Ngultrum (BTN) is the official currency of Bhutan, used for all monetary transactions within the country.
History/Origin
Introduced in 1974, the Ngultrum replaced the Indian Rupee as Bhutan's official currency, establishing a separate national currency to promote economic independence.
Current Use
The Ngultrum remains the official currency of Bhutan, widely used in everyday transactions, with coins and banknotes issued by the Royal Monetary Authority of Bhutan.
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.