Convert Swedish Krona to Eritrean Nakfa
Please provide values below to convert Swedish Krona [SEK] to Eritrean Nakfa [ERN], or Convert Eritrean Nakfa to Swedish Krona.
How to Convert Swedish Krona to Eritrean Nakfa
1 SEK = 0.636286666666667 ERN
Example: convert 15 SEK to ERN:
15 SEK = 15 × 0.636286666666667 ERN = 9.5443 ERN
Swedish Krona to Eritrean Nakfa Conversion Table
| Swedish Krona | Eritrean Nakfa |
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Swedish Krona
The Swedish Krona (SEK) is the official currency of Sweden, used for everyday transactions and monetary exchanges within the country.
History/Origin
The Swedish Krona was introduced in 1873, replacing the Riksdaler. It was initially pegged to gold and later transitioned to a floating exchange rate system. The currency has undergone various reforms, including decimalization in 1874 and modernization efforts in the 20th and 21st centuries.
Current Use
Today, the Swedish Krona is widely used across Sweden for all financial transactions, including cash, digital payments, and banking, and is recognized as a stable and integral part of the country's economy.
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.