Convert Eritrean Nakfa to São Tomé and Príncipe Dobra (pre-2018)
Please provide values below to convert Eritrean Nakfa [ERN] to São Tomé and Príncipe Dobra (pre-2018) [STD], or Convert São Tomé and Príncipe Dobra (pre-2018) to Eritrean Nakfa.
How to Convert Eritrean Nakfa to São Tomé And Príncipe Dobra (Pre-2018)
1 ERN = 0.000673195163765944 STD
Example: convert 15 ERN to STD:
15 ERN = 15 × 0.000673195163765944 STD = 0.0100979274564892 STD
Eritrean Nakfa to São Tomé And Príncipe Dobra (Pre-2018) Conversion Table
| Eritrean Nakfa | São Tomé and Príncipe Dobra (pre-2018) |
|---|
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.
São Tomé And Príncipe Dobra (Pre-2018)
The São Tomé and Príncipe Dobra (STD) was the official currency of São Tomé and Príncipe before 2018, used for everyday transactions within the country.
History/Origin
The Dobra was introduced in 1977, replacing the Portuguese escudo after independence. It was subdivided into 100 cêntimos. The currency underwent various inflationary pressures and was replaced in 2018 by the new Dobra (STN) at a rate of 1 new Dobra = 1000 old Dobras.
Current Use
The STD is no longer in use since 2018; the country now uses the new São Tomé and Príncipe Dobra (STN). The old STD notes are considered obsolete and are primarily of historical interest.