Convert Thai Baht to Eritrean Nakfa
Please provide values below to convert Thai Baht [THB] to Eritrean Nakfa [ERN], or Convert Eritrean Nakfa to Thai Baht.
How to Convert Thai Baht to Eritrean Nakfa
1 THB = 2.14750666666667 ERN
Example: convert 15 THB to ERN:
15 THB = 15 × 2.14750666666667 ERN = 32.2126 ERN
Thai Baht to Eritrean Nakfa Conversion Table
| Thai Baht | Eritrean Nakfa |
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Thai Baht
The Thai Baht (THB) is the official currency of Thailand, used for all monetary transactions within the country.
History/Origin
The Thai Baht has been the official currency of Thailand since the late 19th century, evolving from the traditional tical and undergoing various reforms, including decimalization in 1897 and a series of currency reforms to stabilize its value.
Current Use
The Thai Baht is widely used in Thailand for everyday transactions, banking, and international trade. It is also traded on the foreign exchange market and is considered a stable currency in Southeast Asia.
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.