Convert Omani Rial to Eritrean Nakfa
Please provide values below to convert Omani Rial [OMR] to Eritrean Nakfa [ERN], or Convert Eritrean Nakfa to Omani Rial.
How to Convert Omani Rial to Eritrean Nakfa
1 OMR = 0.0256333333333333 ERN
Example: convert 15 OMR to ERN:
15 OMR = 15 × 0.0256333333333333 ERN = 0.3845 ERN
Omani Rial to Eritrean Nakfa Conversion Table
| Omani Rial | Eritrean Nakfa |
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Omani Rial
The Omani Rial (OMR) is the official currency of Oman, used for all monetary transactions within the country.
History/Origin
The Omani Rial was introduced in 1970, replacing the Gulf rupee at par, and has since been the standard currency of Oman, with its value stabilized through pegging to the US dollar.
Current Use
The Omani Rial is widely used in Oman for everyday transactions, banking, and trade, and is subdivided into 1000 baisa.
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.