Convert Maldivian Rufiyaa to Eritrean Nakfa
Please provide values below to convert Maldivian Rufiyaa [MVR] to Eritrean Nakfa [ERN], or Convert Eritrean Nakfa to Maldivian Rufiyaa.
How to Convert Maldivian Rufiyaa to Eritrean Nakfa
1 MVR = 1.02921333333333 ERN
Example: convert 15 MVR to ERN:
15 MVR = 15 × 1.02921333333333 ERN = 15.4382 ERN
Maldivian Rufiyaa to Eritrean Nakfa Conversion Table
| Maldivian Rufiyaa | Eritrean Nakfa |
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Maldivian Rufiyaa
The Maldivian Rufiyaa (MVR) is the official currency of the Maldives, used for all monetary transactions within the country.
History/Origin
Introduced in 1981, the Maldivian Rufiyaa replaced the Maldivian Rupee at par, and has since been the nation's standard currency, with various banknotes and coins issued over the years.
Current Use
The MVR is widely used across the Maldives for daily transactions, tourism, and trade, and is managed by the Maldives Monetary Authority.
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.