Convert Moroccan Dirham to Eritrean Nakfa
Please provide values below to convert Moroccan Dirham [MAD] to Eritrean Nakfa [ERN], or Convert Eritrean Nakfa to Moroccan Dirham.
How to Convert Moroccan Dirham to Eritrean Nakfa
1 MAD = 0.600553333333333 ERN
Example: convert 15 MAD to ERN:
15 MAD = 15 × 0.600553333333333 ERN = 9.0083 ERN
Moroccan Dirham to Eritrean Nakfa Conversion Table
| Moroccan Dirham | Eritrean Nakfa |
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Moroccan Dirham
The Moroccan Dirham (MAD) is the official currency of Morocco, used for everyday transactions and issued by the Bank of Morocco.
History/Origin
The Dirham was introduced in 1960, replacing the Moroccan franc, and has undergone various reforms to modernize and stabilize the currency, including decimalization and currency reforms in the 21st century.
Current Use
The MAD is widely used across Morocco for all forms of payment, including cash, electronic transactions, and banking, and is also accepted in some neighboring regions for specific transactions.
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.