Convert Eritrean Nakfa to Swiss Franc
Please provide values below to convert Eritrean Nakfa [ERN] to Swiss Franc [CHF], or Convert Swiss Franc to Eritrean Nakfa.
How to Convert Eritrean Nakfa to Swiss Franc
1 ERN = 18.8702981507108 CHF
Example: convert 15 ERN to CHF:
15 ERN = 15 × 18.8702981507108 CHF = 283.054472260662 CHF
Eritrean Nakfa to Swiss Franc Conversion Table
| Eritrean Nakfa | Swiss Franc |
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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.
Swiss Franc
The Swiss Franc (CHF) is the official currency of Switzerland and Liechtenstein, used as a standard monetary unit for transactions and financial purposes.
History/Origin
The Swiss Franc was introduced in 1850, replacing various local currencies, and has since become a stable and widely recognized currency, with its value historically linked to gold until the abandonment of the gold standard in the 20th century.
Current Use
Today, the Swiss Franc is used primarily in Switzerland and Liechtenstein for everyday transactions, banking, and international trade, and is considered a major reserve currency globally.