Convert Libyan Dinar to Eritrean Nakfa
Please provide values below to convert Libyan Dinar [LYD] to Eritrean Nakfa [ERN], or Convert Eritrean Nakfa to Libyan Dinar.
How to Convert Libyan Dinar to Eritrean Nakfa
1 LYD = 0.361866666666667 ERN
Example: convert 15 LYD to ERN:
15 LYD = 15 × 0.361866666666667 ERN = 5.428 ERN
Libyan Dinar to Eritrean Nakfa Conversion Table
| Libyan Dinar | Eritrean Nakfa |
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Libyan Dinar
The Libyan Dinar (LYD) is the official currency of Libya, used for all monetary transactions within the country.
History/Origin
The Libyan Dinar was introduced in 1971, replacing the Libyan Pound at par, and has undergone various redenominations and reforms over the years to stabilize the economy.
Current Use
Today, the LYD is actively used in Libya for everyday transactions, banking, and international trade, with the Central Bank of Libya managing its issuance and regulation.
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.