Convert Bosnia-Herzegovina Convertible Mark to Eritrean Nakfa
Please provide values below to convert Bosnia-Herzegovina Convertible Mark [BAM] to Eritrean Nakfa [ERN], or Convert Eritrean Nakfa to Bosnia-Herzegovina Convertible Mark.
How to Convert Bosnia-Herzegovina Convertible Mark to Eritrean Nakfa
1 BAM = 0.11114 ERN
Example: convert 15 BAM to ERN:
15 BAM = 15 × 0.11114 ERN = 1.6671 ERN
Bosnia-Herzegovina Convertible Mark to Eritrean Nakfa Conversion Table
| Bosnia-Herzegovina Convertible Mark | Eritrean Nakfa |
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Bosnia-Herzegovina Convertible Mark
The Bosnia-Herzegovina Convertible Mark (BAM) is the official currency of Bosnia and Herzegovina, used for everyday transactions and financial exchanges within the country.
History/Origin
Introduced in 1998, the BAM replaced the Bosnia and Herzegovina dinar following the country's monetary reform and stabilization efforts after the Bosnian War. It is pegged to the Euro at a fixed rate, ensuring stability.
Current Use
The BAM is widely used throughout Bosnia and Herzegovina for all forms of payment, including cash, banking, and electronic transactions. It remains the country's official currency and is managed by the Central Bank of Bosnia and Herzegovina.
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.