Convert Algerian Dinar to Eritrean Nakfa
Please provide values below to convert Algerian Dinar [DZD] to Eritrean Nakfa [ERN], or Convert Eritrean Nakfa to Algerian Dinar.
How to Convert Algerian Dinar to Eritrean Nakfa
1 DZD = 8.66672666666667 ERN
Example: convert 15 DZD to ERN:
15 DZD = 15 × 8.66672666666667 ERN = 130.0009 ERN
Algerian Dinar to Eritrean Nakfa Conversion Table
| Algerian Dinar | Eritrean Nakfa |
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Algerian Dinar
The Algerian Dinar (DZD) is the official currency of Algeria, used for everyday transactions and monetary exchanges within the country.
History/Origin
The Algerian Dinar was introduced in 1964, replacing the Algerian franc after independence, and has undergone several reforms to stabilize the economy and control inflation.
Current Use
Today, the Dinar remains the official currency of Algeria, used in all financial transactions, banking, and commerce across the country.
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.