Convert Eritrean Nakfa to Argentine Peso
Please provide values below to convert Eritrean Nakfa [ERN] to Argentine Peso [ARS], or Convert Argentine Peso to Eritrean Nakfa.
How to Convert Eritrean Nakfa to Argentine Peso
1 ERN = 0.0118467504363553 ARS
Example: convert 15 ERN to ARS:
15 ERN = 15 × 0.0118467504363553 ARS = 0.17770125654533 ARS
Eritrean Nakfa to Argentine Peso Conversion Table
| Eritrean Nakfa | Argentine Peso |
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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.
Argentine Peso
The Argentine Peso (ARS) is the official currency of Argentina, used for all monetary transactions within the country.
History/Origin
The Argentine Peso was first introduced in 1881, replacing the Argentine Austral. It has undergone several revaluations and reforms, with the current peso being reintroduced in 1992 after a period of hyperinflation and currency instability.
Current Use
Today, the ARS is the legal tender in Argentina, used for everyday transactions, banking, and trade. It is managed by the Central Bank of Argentina and remains subject to inflationary pressures and economic fluctuations.