Convert Salvadoran Colón to Eritrean Nakfa
Please provide values below to convert Salvadoran Colón [SVC] to Eritrean Nakfa [ERN], or Convert Eritrean Nakfa to Salvadoran Colón.
How to Convert Salvadoran Colón to Eritrean Nakfa
1 SVC = 0.582623666666667 ERN
Example: convert 15 SVC to ERN:
15 SVC = 15 × 0.582623666666667 ERN = 8.739355 ERN
Salvadoran Colón to Eritrean Nakfa Conversion Table
| Salvadoran Colón | Eritrean Nakfa |
|---|
Salvadoran Colón
The Salvadoran Colón (SVC) was the official currency of El Salvador until 2001, used as the country's monetary unit for everyday transactions.
History/Origin
Introduced in 1892, the Salvadoran Colón replaced the peso and was used until 2001, when El Salvador adopted the United States dollar as its official currency. It was named after Christopher Columbus (Cristóbal Colón).
Current Use
The Salvadoran Colón is no longer in circulation; it was replaced by the US dollar in 2001 and is now obsolete, with no current use in transactions.
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.