Convert Manx pound to Eritrean Nakfa
Please provide values below to convert Manx pound [IMP] to Eritrean Nakfa [ERN], or Convert Eritrean Nakfa to Manx pound.
How to Convert Manx Pound to Eritrean Nakfa
1 IMP = 0.0493533333333333 ERN
Example: convert 15 IMP to ERN:
15 IMP = 15 × 0.0493533333333333 ERN = 0.7403 ERN
Manx Pound to Eritrean Nakfa Conversion Table
| Manx pound | Eritrean Nakfa |
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Manx Pound
The Manx pound (IMP) is the official currency of the Isle of Man, subdivided into 100 pence, and used as the island's legal tender.
History/Origin
The Manx pound has been in use since the Isle of Man established its own currency system, historically linked to the British pound, with banknotes issued by local banks since the 19th century.
Current Use
Today, the Manx pound is pegged to the British pound at par and is used alongside British currency for everyday transactions and local commerce on the Isle of Man.
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.