Convert Eritrean Nakfa to Chinese Yuan (Offshore)
Please provide values below to convert Eritrean Nakfa [ERN] to Chinese Yuan (Offshore) [CNH], or Convert Chinese Yuan (Offshore) to Eritrean Nakfa.
How to Convert Eritrean Nakfa to Chinese Yuan (Offshore)
1 ERN = 2.09160709188667 CNH
Example: convert 15 ERN to CNH:
15 ERN = 15 × 2.09160709188667 CNH = 31.3741063783001 CNH
Eritrean Nakfa to Chinese Yuan (Offshore) Conversion Table
| Eritrean Nakfa | Chinese Yuan (Offshore) |
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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.
Chinese Yuan (Offshore)
CNH (Chinese Yuan Offshore) is the offshore version of China's currency, the Renminbi, used primarily for international trade and investment outside mainland China.
History/Origin
CNH was introduced in 2010 to facilitate offshore trading of the Chinese currency, allowing greater flexibility and internationalization of the Renminbi separate from the onshore RMB (CNY).
Current Use
CNH is widely used in global financial markets for trading, investment, and currency exchange, serving as a key component in international trade involving China.