Convert Israeli New Sheqel to Eritrean Nakfa
Please provide values below to convert Israeli New Sheqel [ILS] to Eritrean Nakfa [ERN], or Convert Eritrean Nakfa to Israeli New Sheqel.
How to Convert Israeli New Sheqel to Eritrean Nakfa
1 ILS = 0.223 ERN
Example: convert 15 ILS to ERN:
15 ILS = 15 × 0.223 ERN = 3.345 ERN
Israeli New Sheqel to Eritrean Nakfa Conversion Table
| Israeli New Sheqel | Eritrean Nakfa |
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Israeli New Sheqel
The Israeli New Sheqel (ILS) is the official currency of Israel, used for everyday transactions and economic activities within the country.
History/Origin
The Israeli New Sheqel was introduced in 1985, replacing the old Sheqel at a rate of 1,000 old Sheqels to 1 New Sheqel, as part of economic reforms to stabilize the Israeli economy.
Current Use
Today, the ILS is widely used in Israel for all financial transactions, including banking, commerce, and government operations, and is also accepted in some Palestinian territories.
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.