Convert Hong Kong Dollar to Eritrean Nakfa
Please provide values below to convert Hong Kong Dollar [HKD] to Eritrean Nakfa [ERN], or Convert Eritrean Nakfa to Hong Kong Dollar.
How to Convert Hong Kong Dollar to Eritrean Nakfa
1 HKD = 0.52332 ERN
Example: convert 15 HKD to ERN:
15 HKD = 15 × 0.52332 ERN = 7.8498 ERN
Hong Kong Dollar to Eritrean Nakfa Conversion Table
| Hong Kong Dollar | Eritrean Nakfa |
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Hong Kong Dollar
The Hong Kong Dollar (HKD) is the official currency of Hong Kong, issued by the Hong Kong Monetary Authority, and used for daily transactions and financial activities in Hong Kong.
History/Origin
The Hong Kong Dollar was introduced in 1935, replacing the Hong Kong British Pound, and has since evolved through various monetary arrangements, including pegging to the US Dollar since 1983 to stabilize the currency.
Current Use
Today, the HKD is widely used in Hong Kong for all forms of commerce, banking, and international trade, and is one of the most traded currencies in the world.
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.