Convert Eritrean Nakfa to Azerbaijani Manat
Please provide values below to convert Eritrean Nakfa [ERN] to Azerbaijani Manat [AZN], or Convert Azerbaijani Manat to Eritrean Nakfa.
How to Convert Eritrean Nakfa to Azerbaijani Manat
1 ERN = 8.82093501911203 AZN
Example: convert 15 ERN to AZN:
15 ERN = 15 × 8.82093501911203 AZN = 132.31402528668 AZN
Eritrean Nakfa to Azerbaijani Manat Conversion Table
| Eritrean Nakfa | Azerbaijani Manat |
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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.
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.