Convert Eritrean Nakfa to Iranian Rial
Please provide values below to convert Eritrean Nakfa [ERN] to Iranian Rial [IRR], or Convert Iranian Rial to Eritrean Nakfa.
How to Convert Eritrean Nakfa to Iranian Rial
1 ERN = 0.000353459441991175 IRR
Example: convert 15 ERN to IRR:
15 ERN = 15 × 0.000353459441991175 IRR = 0.00530189162986763 IRR
Eritrean Nakfa to Iranian Rial Conversion Table
| Eritrean Nakfa | Iranian Rial |
|---|
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.
Iranian Rial
The Iranian Rial (IRR) is the official currency of Iran, used for everyday transactions and pricing within the country.
History/Origin
The Iranian Rial was introduced in 1932, replacing the Iranian Toman. It has undergone several redenominations and inflation periods, with the current form established in 2002 to address hyperinflation.
Current Use
Today, the IRR is the primary currency used in Iran for all financial transactions, though the currency experiences high inflation and is often used alongside other forms of payment such as digital currencies and foreign currencies in certain contexts.