Convert South Korean Won to Eritrean Nakfa
Please provide values below to convert South Korean Won [KRW] to Eritrean Nakfa [ERN], or Convert Eritrean Nakfa to South Korean Won.
How to Convert South Korean Won to Eritrean Nakfa
1 KRW = 92.1714133333333 ERN
Example: convert 15 KRW to ERN:
15 KRW = 15 × 92.1714133333333 ERN = 1382.5712 ERN
South Korean Won to Eritrean Nakfa Conversion Table
| South Korean Won | Eritrean Nakfa |
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South Korean Won
The South Korean Won (KRW) is the official currency of South Korea, used for all monetary transactions within the country.
History/Origin
The Won was first introduced in 1945, replacing the Korean yen. It has undergone several redenominations and reforms, with the current form established in 1962 to stabilize the economy after periods of inflation.
Current Use
Today, the South Korean Won is widely used in South Korea for everyday transactions, banking, and international trade, and is managed by the Bank of Korea.
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.