Convert Azerbaijani Manat to Eritrean Nakfa
Please provide values below to convert Azerbaijani Manat [AZN] to Eritrean Nakfa [ERN], or Convert Eritrean Nakfa to Azerbaijani Manat.
How to Convert Azerbaijani Manat to Eritrean Nakfa
1 AZN = 0.113366666666667 ERN
Example: convert 15 AZN to ERN:
15 AZN = 15 × 0.113366666666667 ERN = 1.7005 ERN
Azerbaijani Manat to Eritrean Nakfa Conversion Table
| Azerbaijani Manat | Eritrean Nakfa |
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Azerbaijani Manat
The Azerbaijani Manat (AZN) is the official currency of Azerbaijan, used for all monetary transactions within the country.
History/Origin
The Azerbaijani Manat was introduced in 1992, replacing the Soviet ruble, and has undergone several redenominations, with the current version introduced in 2006 to stabilize the economy and control inflation.
Current Use
Today, the AZN is widely used in Azerbaijan for everyday transactions, banking, and trade, and is considered a stable currency within the region.
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.