Convert Eritrean Nakfa to Liberian Dollar
Please provide values below to convert Eritrean Nakfa [ERN] to Liberian Dollar [LRD], or Convert Liberian Dollar to Eritrean Nakfa.
How to Convert Eritrean Nakfa to Liberian Dollar
1 ERN = 0.0748190128080174 LRD
Example: convert 15 ERN to LRD:
15 ERN = 15 × 0.0748190128080174 LRD = 1.12228519212026 LRD
Eritrean Nakfa to Liberian Dollar Conversion Table
| Eritrean Nakfa | Liberian Dollar |
|---|
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.
Liberian Dollar
The Liberian Dollar (LRD) is the official currency of Liberia, used for all monetary transactions within the country.
History/Origin
The Liberian Dollar was introduced in 1943, replacing the Liberian Pound, and has undergone various reforms to stabilize the economy and manage inflation.
Current Use
Today, the Liberian Dollar is widely used in Liberia for everyday transactions, with coins and banknotes issued by the Central Bank of Liberia.