Convert Albanian Lek to Eritrean Nakfa
Please provide values below to convert Albanian Lek [ALL] to Eritrean Nakfa [ERN], or Convert Eritrean Nakfa to Albanian Lek.
How to Convert Albanian Lek to Eritrean Nakfa
1 ALL = 5.55975333333333 ERN
Example: convert 15 ALL to ERN:
15 ALL = 15 × 5.55975333333333 ERN = 83.3963 ERN
Albanian Lek to Eritrean Nakfa Conversion Table
| Albanian Lek | Eritrean Nakfa |
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Albanian Lek
The Albanian Lek (ALL) is the official currency of Albania, used for everyday transactions and financial exchanges within the country.
History/Origin
The Albanian Lek was introduced in 1926, replacing the Albanian franc, and has undergone several reforms, with the current version issued since 1992 to stabilize the economy after the fall of communism.
Current Use
The Albanian Lek is actively used as the primary currency in Albania for all forms of payment, banking, and financial transactions.
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.