Convert Eritrean Nakfa to Dominican Peso
Please provide values below to convert Eritrean Nakfa [ERN] to Dominican Peso [DOP], or Convert Dominican Peso to Eritrean Nakfa.
How to Convert Eritrean Nakfa to Dominican Peso
1 ERN = 0.248546005865686 DOP
Example: convert 15 ERN to DOP:
15 ERN = 15 × 0.248546005865686 DOP = 3.72819008798529 DOP
Eritrean Nakfa to Dominican Peso Conversion Table
| Eritrean Nakfa | Dominican 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.
Dominican Peso
The Dominican Peso (DOP) is the official currency of the Dominican Republic, used for everyday transactions and financial exchanges within the country.
History/Origin
The Dominican Peso was introduced in 1947, replacing the Dominican Republic peso at a rate of 1 peso to 1 peso. It has undergone various reforms and decimalization over the years to stabilize the economy and modernize the currency system.
Current Use
Today, the Dominican Peso remains the official currency of the Dominican Republic, widely used in all sectors of the economy, with banknotes and coins circulating throughout the country and in international transactions involving the Dominican Republic.