Convert Russian Ruble to Eritrean Nakfa
Please provide values below to convert Russian Ruble [RUB] to Eritrean Nakfa [ERN], or Convert Eritrean Nakfa to Russian Ruble.
How to Convert Russian Ruble to Eritrean Nakfa
1 RUB = 5.22736 ERN
Example: convert 15 RUB to ERN:
15 RUB = 15 × 5.22736 ERN = 78.4104 ERN
Russian Ruble to Eritrean Nakfa Conversion Table
| Russian Ruble | Eritrean Nakfa |
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Russian Ruble
The Russian Ruble (RUB) is the official currency of Russia, used for everyday transactions and financial exchanges within the country.
History/Origin
The Ruble has been the currency of Russia for centuries, with origins dating back to the 13th century. It has undergone various reforms and redenominations, most notably after the Soviet Union's dissolution in 1991, establishing the modern RUB as the national currency.
Current Use
Today, the Russian Ruble is widely used throughout Russia for all forms of payment, including cash, electronic transfers, and banking transactions. It is also traded on international currency 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.