Convert Saudi Riyal to Eritrean Nakfa
Please provide values below to convert Saudi Riyal [SAR] to Eritrean Nakfa [ERN], or Convert Eritrean Nakfa to Saudi Riyal.
How to Convert Saudi Riyal to Eritrean Nakfa
1 SAR = 0.25 ERN
Example: convert 15 SAR to ERN:
15 SAR = 15 × 0.25 ERN = 3.75 ERN
Saudi Riyal to Eritrean Nakfa Conversion Table
| Saudi Riyal | Eritrean Nakfa |
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Saudi Riyal
The Saudi Riyal (SAR) is the official currency of Saudi Arabia, used for all monetary transactions within the country.
History/Origin
The Saudi Riyal was introduced in 1925, replacing the Indian Rupee, and has undergone various reforms, including decimalization in 1929. It is issued and regulated by the Saudi Central Bank.
Current Use
The SAR is widely used in Saudi Arabia for everyday transactions, banking, and international trade, and is pegged to the US dollar at a fixed rate.
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.