Convert Hungarian Forint to Eritrean Nakfa
Please provide values below to convert Hungarian Forint [HUF] to Eritrean Nakfa [ERN], or Convert Eritrean Nakfa to Hungarian Forint.
How to Convert Hungarian Forint to Eritrean Nakfa
1 HUF = 22.6801133333333 ERN
Example: convert 15 HUF to ERN:
15 HUF = 15 × 22.6801133333333 ERN = 340.2017 ERN
Hungarian Forint to Eritrean Nakfa Conversion Table
| Hungarian Forint | Eritrean Nakfa |
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Hungarian Forint
The Hungarian Forint (HUF) is the official currency of Hungary, used for all monetary transactions within the country.
History/Origin
The Forint was introduced in 1946, replacing the pengő after hyperinflation. It has undergone several reforms and decimalization since its inception.
Current Use
The Forint remains Hungary's legal tender, with banknotes and coins in circulation. It is managed by the Hungarian National Bank and used for everyday transactions and financial activities.
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.