Convert Kazakhstani Tenge to Eritrean Nakfa
Please provide values below to convert Kazakhstani Tenge [KZT] to Eritrean Nakfa [ERN], or Convert Eritrean Nakfa to Kazakhstani Tenge.
How to Convert Kazakhstani Tenge to Eritrean Nakfa
1 KZT = 35.6472133333333 ERN
Example: convert 15 KZT to ERN:
15 KZT = 15 × 35.6472133333333 ERN = 534.7082 ERN
Kazakhstani Tenge to Eritrean Nakfa Conversion Table
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Kazakhstani Tenge
The Kazakhstani Tenge (KZT) is the official currency of Kazakhstan, used for all monetary transactions within the country.
History/Origin
Introduced in 1993 following Kazakhstan's independence from the Soviet Union, the Tenge replaced the Soviet ruble and has undergone various redenominations and reforms to stabilize the economy.
Current Use
The Tenge is actively used in Kazakhstan for everyday transactions, banking, and trade, and is managed by the National Bank of Kazakhstan. It features modern security features and is available in both cash and digital forms.
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.