Convert Swazi Lilangeni to Eritrean Nakfa
Please provide values below to convert Swazi Lilangeni [SZL] to Eritrean Nakfa [ERN], or Convert Eritrean Nakfa to Swazi Lilangeni.
How to Convert Swazi Lilangeni to Eritrean Nakfa
1 SZL = 1.17111333333333 ERN
Example: convert 15 SZL to ERN:
15 SZL = 15 × 1.17111333333333 ERN = 17.5667 ERN
Swazi Lilangeni to Eritrean Nakfa Conversion Table
| Swazi Lilangeni | Eritrean Nakfa |
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Swazi Lilangeni
The Swazi Lilangeni (SZL) is the official currency of Eswatini, subdivided into 100 cents.
History/Origin
The Lilangeni was introduced in 1974, replacing the Swazi pound, to modernize the currency system and align with regional monetary standards.
Current Use
The SZL is actively used for all financial transactions within Eswatini and is pegged to the South African Rand at par, facilitating regional trade and stability.
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.