Convert Eritrean Nakfa to Indian Rupee
Please provide values below to convert Eritrean Nakfa [ERN] to Indian Rupee [INR], or Convert Indian Rupee to Eritrean Nakfa.
How to Convert Eritrean Nakfa to Indian Rupee
1 ERN = 0.173636634088576 INR
Example: convert 15 ERN to INR:
15 ERN = 15 × 0.173636634088576 INR = 2.60454951132863 INR
Eritrean Nakfa to Indian Rupee Conversion Table
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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.
Indian Rupee
The Indian Rupee (INR) is the official currency of India, used for everyday transactions and financial exchanges within the country.
History/Origin
The Indian Rupee has a history dating back to ancient India, where it was used as a silver coin. It was formally adopted as the official currency during British rule and has evolved through various denominations and reforms to its current form.
Current Use
Today, the INR is widely used across India for all forms of monetary transactions, both cash and digital, and is managed by the Reserve Bank of India. It is also accepted in some neighboring countries and is a recognized currency in international trade.