Convert Saint Helena Pound to Eritrean Nakfa
Please provide values below to convert Saint Helena Pound [SHP] to Eritrean Nakfa [ERN], or Convert Eritrean Nakfa to Saint Helena Pound.
How to Convert Saint Helena Pound to Eritrean Nakfa
1 SHP = 0.0493533333333333 ERN
Example: convert 15 SHP to ERN:
15 SHP = 15 × 0.0493533333333333 ERN = 0.7403 ERN
Saint Helena Pound to Eritrean Nakfa Conversion Table
| Saint Helena Pound | Eritrean Nakfa |
|---|
Saint Helena Pound
The Saint Helena Pound (SHP) is the official currency of Saint Helena, a British Overseas Territory, and is pegged at par to the British Pound Sterling.
History/Origin
Introduced in 1961, replacing the Saint Helena Pound's predecessor, it has maintained a fixed exchange rate with the British Pound, reflecting the territory's historical and economic ties to the UK.
Current Use
The SHP is used for all local transactions on Saint Helena and is interchangeable with the British Pound Sterling, which is also accepted on the island.
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.