Convert Canadian Dollar to Eritrean Nakfa
Please provide values below to convert Canadian Dollar [CAD] to Eritrean Nakfa [ERN], or Convert Eritrean Nakfa to Canadian Dollar.
How to Convert Canadian Dollar to Eritrean Nakfa
1 CAD = 0.0908333333333333 ERN
Example: convert 15 CAD to ERN:
15 CAD = 15 × 0.0908333333333333 ERN = 1.3625 ERN
Canadian Dollar to Eritrean Nakfa Conversion Table
| Canadian Dollar | Eritrean Nakfa |
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Canadian Dollar
The Canadian Dollar (CAD) is the official currency of Canada, used as the country's primary medium of exchange and store of value.
History/Origin
The Canadian Dollar was introduced in 1858, replacing the Canadian pound, and has since evolved into a stable currency, with its value influenced by Canada's economic policies and global markets.
Current Use
Today, the CAD is widely used in Canada for everyday transactions, international trade, and as a reserve currency, with its value fluctuating based on economic conditions and currency markets.
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.