Convert Eritrean Nakfa to Norwegian Krone
Please provide values below to convert Eritrean Nakfa [ERN] to Norwegian Krone [NOK], or Convert Norwegian Krone to Eritrean Nakfa.
How to Convert Eritrean Nakfa to Norwegian Krone
1 ERN = 1.483415415653 NOK
Example: convert 15 ERN to NOK:
15 ERN = 15 × 1.483415415653 NOK = 22.251231234795 NOK
Eritrean Nakfa to Norwegian Krone Conversion Table
| Eritrean Nakfa | Norwegian Krone |
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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.
Norwegian Krone
The Norwegian Krone (NOK) is the official currency of Norway, used for everyday transactions and monetary exchanges within the country.
History/Origin
The Norwegian Krone was introduced in 1875, replacing the Norwegian Speciedaler, and has undergone various reforms, including decimalization in 1875 and decimal standardization in 1963. It has been Norway's official currency since then.
Current Use
The NOK is actively used in Norway for all financial transactions, including banking, commerce, and international trade. It is also traded on the foreign exchange market and is considered a stable currency within the region.