Convert Eritrean Nakfa to Lebanese Pound
Please provide values below to convert Eritrean Nakfa [ERN] to Lebanese Pound [LBP], or Convert Lebanese Pound to Eritrean Nakfa.
How to Convert Eritrean Nakfa to Lebanese Pound
1 ERN = 0.000167597765363128 LBP
Example: convert 15 ERN to LBP:
15 ERN = 15 × 0.000167597765363128 LBP = 0.00251396648044693 LBP
Eritrean Nakfa to Lebanese Pound Conversion Table
| Eritrean Nakfa | Lebanese Pound |
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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.
Lebanese Pound
The Lebanese Pound (LBP) is the official currency of Lebanon, used for everyday transactions and financial exchanges within the country.
History/Origin
The Lebanese Pound was introduced in 1939, replacing the Lebanese lira, and has undergone various devaluations and reforms due to economic challenges and political instability over the decades.
Current Use
Today, the Lebanese Pound remains the official currency of Lebanon, but due to economic crises, the country also extensively uses the US dollar for transactions and savings.