Convert Indian Rupee to Eritrean Nakfa
Please provide values below to convert Indian Rupee [INR] to Eritrean Nakfa [ERN], or Convert Eritrean Nakfa to Indian Rupee.
How to Convert Indian Rupee to Eritrean Nakfa
1 INR = 5.75915333333333 ERN
Example: convert 15 INR to ERN:
15 INR = 15 × 5.75915333333333 ERN = 86.3873 ERN
Indian Rupee to Eritrean Nakfa Conversion Table
| Indian Rupee | Eritrean Nakfa |
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Indian Rupee
The Indian Rupee (INR) is the official currency of India, used for everyday transactions and financial exchanges within the country.
History/Origin
The Indian Rupee has a history dating back to ancient India, where it was used as a silver coin. It was formally adopted as the official currency during British rule and has evolved through various denominations and reforms to its current form.
Current Use
Today, the INR is widely used across India for all forms of monetary transactions, both cash and digital, and is managed by the Reserve Bank of India. It is also accepted in some neighboring countries and is a recognized currency in international trade.
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.