Convert Czech Republic Koruna to Eritrean Nakfa
Please provide values below to convert Czech Republic Koruna [CZK] to Eritrean Nakfa [ERN], or Convert Eritrean Nakfa to Czech Republic Koruna.
How to Convert Czech Republic Koruna to Eritrean Nakfa
1 CZK = 1.3998 ERN
Example: convert 15 CZK to ERN:
15 CZK = 15 × 1.3998 ERN = 20.997 ERN
Czech Republic Koruna to Eritrean Nakfa Conversion Table
| Czech Republic Koruna | Eritrean Nakfa |
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Czech Republic Koruna
The Czech Republic Koruna (CZK) is the official currency of the Czech Republic, used for all monetary transactions within the country.
History/Origin
The Koruna was introduced in 1993 following the dissolution of Czechoslovakia, replacing the Czechoslovak koruna at par. It has undergone various reforms and decimalization over the years.
Current Use
The CZK is widely used in everyday transactions, banking, and international trade within the Czech Republic. It is also accepted in some neighboring regions and is actively traded on the foreign exchange market.
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.