Convert Djiboutian Franc to Eritrean Nakfa
Please provide values below to convert Djiboutian Franc [DJF] to Eritrean Nakfa [ERN], or Convert Eritrean Nakfa to Djiboutian Franc.
How to Convert Djiboutian Franc to Eritrean Nakfa
1 DJF = 11.8480666666667 ERN
Example: convert 15 DJF to ERN:
15 DJF = 15 × 11.8480666666667 ERN = 177.721 ERN
Djiboutian Franc to Eritrean Nakfa Conversion Table
| Djiboutian Franc | Eritrean Nakfa |
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Djiboutian Franc
The Djiboutian Franc (DJF) is the official currency of Djibouti, used for all monetary transactions within the country.
History/Origin
The Djiboutian Franc was introduced in 1949, replacing the French Franc at par, and has been the country's official currency since then, with its value maintained by the Central Bank of Djibouti.
Current Use
The DJF is widely used in Djibouti for everyday transactions, banking, and trade, and is pegged to the US dollar at a fixed rate to ensure 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.