Convert Eritrean Nakfa to Malaysian Ringgit
Please provide values below to convert Eritrean Nakfa [ERN] to Malaysian Ringgit [MYR], or Convert Malaysian Ringgit to Eritrean Nakfa.
How to Convert Eritrean Nakfa to Malaysian Ringgit
1 ERN = 3.54492602921019 MYR
Example: convert 15 ERN to MYR:
15 ERN = 15 × 3.54492602921019 MYR = 53.1738904381529 MYR
Eritrean Nakfa to Malaysian Ringgit Conversion Table
| Eritrean Nakfa | Malaysian Ringgit |
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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.
Malaysian Ringgit
The Malaysian Ringgit (MYR) is the official currency of Malaysia, used for all monetary transactions within the country.
History/Origin
The Ringgit was introduced in 1967, replacing the Malayan dollar. It was initially pegged to the British Pound and later to the US Dollar, with a floating exchange rate established in 1998.
Current Use
The MYR is widely used in Malaysia for everyday transactions, banking, and international trade, and is managed by Bank Negara Malaysia, the country's central bank.