Convert Singapore Dollar to Eritrean Nakfa
Please provide values below to convert Singapore Dollar [SGD] to Eritrean Nakfa [ERN], or Convert Eritrean Nakfa to Singapore Dollar.
How to Convert Singapore Dollar to Eritrean Nakfa
1 SGD = 0.0853133333333333 ERN
Example: convert 15 SGD to ERN:
15 SGD = 15 × 0.0853133333333333 ERN = 1.2797 ERN
Singapore Dollar to Eritrean Nakfa Conversion Table
| Singapore Dollar | Eritrean Nakfa |
|---|
Singapore Dollar
The Singapore Dollar (SGD) is the official currency of Singapore, used for all monetary transactions within the country.
History/Origin
The Singapore Dollar was introduced in 1967, replacing the Malayan dollar, and has since evolved into a stable currency managed by the Monetary Authority of Singapore.
Current Use
Today, the SGD is widely used in Singapore for everyday transactions, banking, and international trade, and is considered a major Asian currency.
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.