Convert Macanese Pataca to Eritrean Nakfa
Please provide values below to convert Macanese Pataca [MOP] to Eritrean Nakfa [ERN], or Convert Eritrean Nakfa to Macanese Pataca.
How to Convert Macanese Pataca to Eritrean Nakfa
1 MOP = 0.53904 ERN
Example: convert 15 MOP to ERN:
15 MOP = 15 × 0.53904 ERN = 8.0856 ERN
Macanese Pataca to Eritrean Nakfa Conversion Table
| Macanese Pataca | Eritrean Nakfa |
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Macanese Pataca
The Macanese Pataca (MOP) is the official currency of Macau, used for everyday transactions and financial dealings within the region.
History/Origin
Introduced in 1999, the Pataca replaced the Macau pataca, and has since been pegged to the Hong Kong dollar at a fixed rate, reflecting Macau's economic ties with Hong Kong and China.
Current Use
The Pataca remains the primary currency in Macau, widely used for commerce, banking, and tourism-related 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.