Convert Ethiopian Birr to Peruvian Nuevo Sol
Please provide values below to convert Ethiopian Birr [ETB] to Peruvian Nuevo Sol [PEN], or Convert Peruvian Nuevo Sol to Ethiopian Birr.
How to Convert Ethiopian Birr to Peruvian Nuevo Sol
1 ETB = 38.4060488517863 PEN
Example: convert 15 ETB to PEN:
15 ETB = 15 × 38.4060488517863 PEN = 576.090732776794 PEN
Ethiopian Birr to Peruvian Nuevo Sol Conversion Table
| Ethiopian Birr | Peruvian Nuevo Sol |
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Ethiopian Birr
The Ethiopian Birr (ETB) is the official currency of Ethiopia, used for all monetary transactions within the country.
History/Origin
The Birr was introduced in 1894, replacing the Maria Theresa thaler, and has undergone various reforms and decimalization over the years to modernize Ethiopia's currency system.
Current Use
Today, the Ethiopian Birr is actively used as Ethiopia's legal tender, with coins and banknotes circulating for everyday transactions and economic activities.
Peruvian Nuevo Sol
The Peruvian Nuevo Sol (PEN) is the official currency of Peru, used for all monetary transactions within the country.
History/Origin
Introduced in 1991 to replace the Peruvian Sol, the Nuevo Sol was established to stabilize the economy and control inflation. It has undergone several reforms and is now the stable currency of Peru.
Current Use
The Nuevo Sol is widely used in everyday transactions, banking, and financial markets in Peru. It is subdivided into 100 céntimos and remains the country's primary legal tender.