Convert Eritrean Nakfa to Maldivian Rufiyaa
Please provide values below to convert Eritrean Nakfa [ERN] to Maldivian Rufiyaa [MVR], or Convert Maldivian Rufiyaa to Eritrean Nakfa.
How to Convert Eritrean Nakfa to Maldivian Rufiyaa
1 ERN = 0.971615861952818 MVR
Example: convert 15 ERN to MVR:
15 ERN = 15 × 0.971615861952818 MVR = 14.5742379292923 MVR
Eritrean Nakfa to Maldivian Rufiyaa Conversion Table
| Eritrean Nakfa | Maldivian Rufiyaa |
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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.
Maldivian Rufiyaa
The Maldivian Rufiyaa (MVR) is the official currency of the Maldives, used for all monetary transactions within the country.
History/Origin
Introduced in 1981, the Maldivian Rufiyaa replaced the Maldivian Rupee at par, and has since been the nation's standard currency, with various banknotes and coins issued over the years.
Current Use
The MVR is widely used across the Maldives for daily transactions, tourism, and trade, and is managed by the Maldives Monetary Authority.