Convert Eritrean Nakfa to Syrian Pound
Please provide values below to convert Eritrean Nakfa [ERN] to Syrian Pound [SYP], or Convert Syrian Pound to Eritrean Nakfa.
How to Convert Eritrean Nakfa to Syrian Pound
1 ERN = 0.00116237387400746 SYP
Example: convert 15 ERN to SYP:
15 ERN = 15 × 0.00116237387400746 SYP = 0.0174356081101119 SYP
Eritrean Nakfa to Syrian Pound Conversion Table
| Eritrean Nakfa | Syrian Pound |
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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.
Syrian Pound
The Syrian Pound (SYP) is the official currency of Syria, used for everyday transactions and monetary exchanges within the country.
History/Origin
The Syrian Pound was introduced in 1947, replacing the Syrian lira, and has undergone various devaluations and reforms due to economic challenges and conflicts in Syria.
Current Use
Today, the Syrian Pound remains the official currency of Syria, though its value is heavily affected by ongoing economic instability and sanctions, with limited use in some regions and a significant presence of foreign currencies.