Convert Kuwaiti Dinar to Eritrean Nakfa
Please provide values below to convert Kuwaiti Dinar [KWD] to Eritrean Nakfa [ERN], or Convert Eritrean Nakfa to Kuwaiti Dinar.
How to Convert Kuwaiti Dinar to Eritrean Nakfa
1 KWD = 0.02036 ERN
Example: convert 15 KWD to ERN:
15 KWD = 15 × 0.02036 ERN = 0.3054 ERN
Kuwaiti Dinar to Eritrean Nakfa Conversion Table
| Kuwaiti Dinar | Eritrean Nakfa |
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Kuwaiti Dinar
The Kuwaiti Dinar (KWD) is the official currency of Kuwait, used as the country's legal tender for all transactions.
History/Origin
The Kuwaiti Dinar was introduced in 1960, replacing the Gulf rupee at par. It was initially pegged to the British pound and later to the US dollar, maintaining a stable and strong currency due to Kuwait's oil wealth.
Current Use
Today, the Kuwaiti Dinar remains one of the highest-valued currencies globally, widely used within Kuwait for all financial transactions and recognized for its stability and strength in international markets.
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.