Convert Icelandic Króna to Eritrean Nakfa
Please provide values below to convert Icelandic Króna [ISK] to Eritrean Nakfa [ERN], or Convert Eritrean Nakfa to Icelandic Króna.
How to Convert Icelandic Króna to Eritrean Nakfa
1 ISK = 8.1141 ERN
Example: convert 15 ISK to ERN:
15 ISK = 15 × 8.1141 ERN = 121.7115 ERN
Icelandic Króna to Eritrean Nakfa Conversion Table
| Icelandic Króna | Eritrean Nakfa |
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Icelandic Króna
The Icelandic Króna (ISK) is the official currency of Iceland, used as the country's primary medium of exchange.
History/Origin
The Króna was introduced in 1981, replacing the Icelandic Krona at par, and has undergone various redenominations and reforms since its inception.
Current Use
The ISK is actively used in Iceland for all financial transactions, including cash, banking, and electronic payments, and is managed by the Central Bank of Iceland.
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.