Convert Eritrean Nakfa to Peruvian Nuevo Sol
Please provide values below to convert Eritrean Nakfa [ERN] to Peruvian Nuevo Sol [PEN], or Convert Peruvian Nuevo Sol to Eritrean Nakfa.
How to Convert Eritrean Nakfa to Peruvian Nuevo Sol
1 ERN = 4.21620710009276 PEN
Example: convert 15 ERN to PEN:
15 ERN = 15 × 4.21620710009276 PEN = 63.2431065013913 PEN
Eritrean Nakfa to Peruvian Nuevo Sol Conversion Table
| Eritrean Nakfa | Peruvian Nuevo Sol |
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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.
Peruvian Nuevo Sol
The Peruvian Nuevo Sol (PEN) is the official currency of Peru, used for all monetary transactions within the country.
History/Origin
Introduced in 1991 to replace the Peruvian Sol, the Nuevo Sol was established to stabilize the economy and control inflation. It has undergone several reforms and is now the stable currency of Peru.
Current Use
The Nuevo Sol is widely used in everyday transactions, banking, and financial markets in Peru. It is subdivided into 100 céntimos and remains the country's primary legal tender.