Convert Cayman Islands Dollar to Eritrean Nakfa
Please provide values below to convert Cayman Islands Dollar [KYD] to Eritrean Nakfa [ERN], or Convert Eritrean Nakfa to Cayman Islands Dollar.
How to Convert Cayman Islands Dollar to Eritrean Nakfa
1 KYD = 0.0555533333333333 ERN
Example: convert 15 KYD to ERN:
15 KYD = 15 × 0.0555533333333333 ERN = 0.8333 ERN
Cayman Islands Dollar to Eritrean Nakfa Conversion Table
| Cayman Islands Dollar | Eritrean Nakfa |
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Cayman Islands Dollar
The Cayman Islands Dollar (KYD) is the official currency of the Cayman Islands, used for all monetary transactions within the territory.
History/Origin
Introduced in 1972, the Cayman Islands Dollar replaced the Jamaican dollar at par, establishing a stable local currency for the financial sector and tourism industry.
Current Use
The KYD is widely used in the Cayman Islands for everyday transactions, banking, and international trade, and is pegged to the US dollar at a fixed rate of 1 KYD = 1.20 USD.
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.