Convert Eritrean Nakfa to Colombian Peso
Please provide values below to convert Eritrean Nakfa [ERN] to Colombian Peso [COP], or Convert Colombian Peso to Eritrean Nakfa.
How to Convert Eritrean Nakfa to Colombian Peso
1 ERN = 0.00372076889540393 COP
Example: convert 15 ERN to COP:
15 ERN = 15 × 0.00372076889540393 COP = 0.0558115334310589 COP
Eritrean Nakfa to Colombian Peso Conversion Table
| Eritrean Nakfa | Colombian Peso |
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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.
Colombian Peso
The Colombian Peso (COP) is the official currency of Colombia, used for all monetary transactions within the country.
History/Origin
The Colombian Peso was introduced in 1810, replacing the real, and has undergone various reforms and redenominations over the years to stabilize the economy and modernize the currency system.
Current Use
Today, the COP is widely used in Colombia for everyday transactions, banking, and international trade, with coins and banknotes issued by the Banco de la República.