Convert Moldovan Leu to Eritrean Nakfa
Please provide values below to convert Moldovan Leu [MDL] to Eritrean Nakfa [ERN], or Convert Eritrean Nakfa to Moldovan Leu.
How to Convert Moldovan Leu to Eritrean Nakfa
1 MDL = 1.1299 ERN
Example: convert 15 MDL to ERN:
15 MDL = 15 × 1.1299 ERN = 16.9485 ERN
Moldovan Leu to Eritrean Nakfa Conversion Table
| Moldovan Leu | Eritrean Nakfa |
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Moldovan Leu
The Moldovan Leu (MDL) is the official currency of Moldova, used for all monetary transactions within the country.
History/Origin
The Moldovan Leu was introduced in 1993, replacing the Soviet ruble, following Moldova's independence. It has undergone various redenominations and reforms to stabilize the economy.
Current Use
The Moldovan Leu is actively used as the national currency for everyday transactions, banking, and trade in Moldova. It is issued and regulated by the National Bank of Moldova.
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.