Convert Turkish Lira to Eritrean Nakfa
Please provide values below to convert Turkish Lira [TRY] to Eritrean Nakfa [ERN], or Convert Eritrean Nakfa to Turkish Lira.
How to Convert Turkish Lira to Eritrean Nakfa
1 TRY = 2.69604666666667 ERN
Example: convert 15 TRY to ERN:
15 TRY = 15 × 2.69604666666667 ERN = 40.4407 ERN
Turkish Lira to Eritrean Nakfa Conversion Table
| Turkish Lira | Eritrean Nakfa |
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Turkish Lira
The Turkish Lira (TRY) is the official currency of Turkey, used for everyday transactions and financial exchanges within the country.
History/Origin
The Turkish Lira was first introduced in 1923, replacing the Ottoman lira. It has undergone several revaluations and reforms, including the introduction of the New Turkish Lira in 2005 to address inflation and currency stability issues.
Current Use
Today, the Turkish Lira is the primary currency used in Turkey for all economic activities. It is also accepted in some regions of Northern Cyprus and is used in financial markets and banking transactions across the country.
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.