Convert Eritrean Nakfa to Cayman Islands Dollar
Please provide values below to convert Eritrean Nakfa [ERN] to Cayman Islands Dollar [KYD], or Convert Cayman Islands Dollar to Eritrean Nakfa.
How to Convert Eritrean Nakfa to Cayman Islands Dollar
1 ERN = 18.0007200288012 KYD
Example: convert 15 ERN to KYD:
15 ERN = 15 × 18.0007200288012 KYD = 270.010800432017 KYD
Eritrean Nakfa to Cayman Islands Dollar Conversion Table
| Eritrean Nakfa | Cayman Islands Dollar |
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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.
Cayman Islands Dollar
The Cayman Islands Dollar (KYD) is the official currency of the Cayman Islands, used for all monetary transactions within the territory.
History/Origin
Introduced in 1972, the Cayman Islands Dollar replaced the Jamaican dollar at par, establishing a stable local currency for the financial sector and tourism industry.
Current Use
The KYD is widely used in the Cayman Islands for everyday transactions, banking, and international trade, and is pegged to the US dollar at a fixed rate of 1 KYD = 1.20 USD.