Convert Lebanese Pound to Eritrean Nakfa
Please provide values below to convert Lebanese Pound [LBP] to Eritrean Nakfa [ERN], or Convert Eritrean Nakfa to Lebanese Pound.
How to Convert Lebanese Pound to Eritrean Nakfa
1 LBP = 5966.66666666667 ERN
Example: convert 15 LBP to ERN:
15 LBP = 15 × 5966.66666666667 ERN = 89500 ERN
Lebanese Pound to Eritrean Nakfa Conversion Table
| Lebanese Pound | Eritrean Nakfa |
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Lebanese Pound
The Lebanese Pound (LBP) is the official currency of Lebanon, used for everyday transactions and financial exchanges within the country.
History/Origin
The Lebanese Pound was introduced in 1939, replacing the Lebanese lira, and has undergone various devaluations and reforms due to economic challenges and political instability over the decades.
Current Use
Today, the Lebanese Pound remains the official currency of Lebanon, but due to economic crises, the country also extensively uses the US dollar for transactions and savings.
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.