Convert Peruvian Nuevo Sol to Ethiopian Birr
Please provide values below to convert Peruvian Nuevo Sol [PEN] to Ethiopian Birr [ETB], or Convert Ethiopian Birr to Peruvian Nuevo Sol.
How to Convert Peruvian Nuevo Sol to Ethiopian Birr
1 PEN = 0.0260375651725884 ETB
Example: convert 15 PEN to ETB:
15 PEN = 15 × 0.0260375651725884 ETB = 0.390563477588826 ETB
Peruvian Nuevo Sol to Ethiopian Birr Conversion Table
| Peruvian Nuevo Sol | Ethiopian Birr |
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Peruvian Nuevo Sol
The Peruvian Nuevo Sol (PEN) is the official currency of Peru, used for all monetary transactions within the country.
History/Origin
Introduced in 1991 to replace the Peruvian Sol, the Nuevo Sol was established to stabilize the economy and control inflation. It has undergone several reforms and is now the stable currency of Peru.
Current Use
The Nuevo Sol is widely used in everyday transactions, banking, and financial markets in Peru. It is subdivided into 100 céntimos and remains the country's primary legal tender.
Ethiopian Birr
The Ethiopian Birr (ETB) is the official currency of Ethiopia, used for all monetary transactions within the country.
History/Origin
The Birr was introduced in 1894, replacing the Maria Theresa thaler, and has undergone various reforms and decimalization over the years to modernize Ethiopia's currency system.
Current Use
Today, the Ethiopian Birr is actively used as Ethiopia's legal tender, with coins and banknotes circulating for everyday transactions and economic activities.