Convert Bahamian Dollar to Eritrean Nakfa
Please provide values below to convert Bahamian Dollar [BSD] to Eritrean Nakfa [ERN], or Convert Eritrean Nakfa to Bahamian Dollar.
How to Convert Bahamian Dollar to Eritrean Nakfa
1 BSD = 0.0666666666666667 ERN
Example: convert 15 BSD to ERN:
15 BSD = 15 × 0.0666666666666667 ERN = 1 ERN
Bahamian Dollar to Eritrean Nakfa Conversion Table
| Bahamian Dollar | Eritrean Nakfa |
|---|
Bahamian Dollar
The Bahamian Dollar (BSD) is the official currency of The Bahamas, subdivided into 100 cents, used for all monetary transactions within the country.
History/Origin
Introduced in 1966, replacing the Bahamian pound, the Bahamian Dollar was initially pegged to the US dollar at par and has maintained a stable exchange rate since its inception.
Current Use
The Bahamian Dollar is widely used across The Bahamas for everyday transactions, banking, and trade, and is also accepted in some neighboring regions and for tourism-related activities.
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.