Convert Eritrean Nakfa to South Korean Won
Please provide values below to convert Eritrean Nakfa [ERN] to South Korean Won [KRW], or Convert South Korean Won to Eritrean Nakfa.
How to Convert Eritrean Nakfa to South Korean Won
1 ERN = 0.0108493508327094 KRW
Example: convert 15 ERN to KRW:
15 ERN = 15 × 0.0108493508327094 KRW = 0.162740262490641 KRW
Eritrean Nakfa to South Korean Won Conversion Table
| Eritrean Nakfa | South Korean Won |
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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.
South Korean Won
The South Korean Won (KRW) is the official currency of South Korea, used for all monetary transactions within the country.
History/Origin
The Won was first introduced in 1945, replacing the Korean yen. It has undergone several redenominations and reforms, with the current form established in 1962 to stabilize the economy after periods of inflation.
Current Use
Today, the South Korean Won is widely used in South Korea for everyday transactions, banking, and international trade, and is managed by the Bank of Korea.