Convert Turkmenistani Manat to Eritrean Nakfa
Please provide values below to convert Turkmenistani Manat [TMT] to Eritrean Nakfa [ERN], or Convert Eritrean Nakfa to Turkmenistani Manat.
How to Convert Turkmenistani Manat to Eritrean Nakfa
1 TMT = 0.233333333333333 ERN
Example: convert 15 TMT to ERN:
15 TMT = 15 × 0.233333333333333 ERN = 3.5 ERN
Turkmenistani Manat to Eritrean Nakfa Conversion Table
| Turkmenistani Manat | Eritrean Nakfa |
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Turkmenistani Manat
The Turkmenistani Manat (TMT) is the official currency of Turkmenistan, used for all monetary transactions within the country.
History/Origin
The Turkmenistani Manat was introduced in 1993, replacing the Soviet ruble, and has undergone several redenominations to stabilize the economy and control inflation.
Current Use
Today, the Manat is widely used in Turkmenistan for everyday transactions, banking, and trade, with banknotes and coins issued by the Central Bank of Turkmenistan.
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.