Convert Eritrean Nakfa to Nigerian Naira
Please provide values below to convert Eritrean Nakfa [ERN] to Nigerian Naira [NGN], or Convert Nigerian Naira to Eritrean Nakfa.
How to Convert Eritrean Nakfa to Nigerian Naira
1 ERN = 0.00979941959997593 NGN
Example: convert 15 ERN to NGN:
15 ERN = 15 × 0.00979941959997593 NGN = 0.146991293999639 NGN
Eritrean Nakfa to Nigerian Naira Conversion Table
| Eritrean Nakfa | Nigerian Naira |
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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.
Nigerian Naira
The Nigerian Naira (NGN) is the official currency of Nigeria, used for all monetary transactions within the country.
History/Origin
Introduced in 1973, the Naira replaced the Nigerian pound at a rate of 2 Naira to 1 pound, and has undergone various redenominations and currency reforms since then.
Current Use
The Naira is widely used across Nigeria for everyday transactions, banking, and trade, with coins and banknotes issued by the Central Bank of Nigeria.