Convert Eritrean Nakfa to Ugandan Shilling
Please provide values below to convert Eritrean Nakfa [ERN] to Ugandan Shilling [UGX], or Convert Ugandan Shilling to Eritrean Nakfa.
How to Convert Eritrean Nakfa to Ugandan Shilling
1 ERN = 0.00420607690626556 UGX
Example: convert 15 ERN to UGX:
15 ERN = 15 × 0.00420607690626556 UGX = 0.0630911535939834 UGX
Eritrean Nakfa to Ugandan Shilling Conversion Table
| Eritrean Nakfa | Ugandan Shilling |
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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.
Ugandan Shilling
The Ugandan Shilling (UGX) is the official currency of Uganda, used for all monetary transactions within the country.
History/Origin
The Ugandan Shilling was introduced in 1966, replacing the East African Shilling, and has undergone various denominations and reforms over the years to stabilize the economy.
Current Use
Today, the UGX is widely used in Uganda for everyday transactions, banking, and trade, and is managed by the Bank of Uganda.