Convert Georgian Lari to Eritrean Nakfa
Please provide values below to convert Georgian Lari [GEL] to Eritrean Nakfa [ERN], or Convert Eritrean Nakfa to Georgian Lari.
How to Convert Georgian Lari to Eritrean Nakfa
1 GEL = 0.180626666666667 ERN
Example: convert 15 GEL to ERN:
15 GEL = 15 × 0.180626666666667 ERN = 2.7094 ERN
Georgian Lari to Eritrean Nakfa Conversion Table
| Georgian Lari | Eritrean Nakfa |
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Georgian Lari
The Georgian Lari (GEL) is the official currency of Georgia, used for everyday transactions and monetary exchanges within the country.
History/Origin
The Georgian Lari was introduced in 1995, replacing the Georgian coupon as the country's official currency, to stabilize the economy and establish a national monetary system.
Current Use
The GEL is actively used in Georgia for all forms of financial transactions, including cash, banking, and electronic payments, and is managed by the National Bank of Georgia.
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.