Convert United Arab Emirates Dirham to Eritrean Nakfa
Please provide values below to convert United Arab Emirates Dirham [AED] to Eritrean Nakfa [ERN], or Convert Eritrean Nakfa to United Arab Emirates Dirham.
How to Convert United Arab Emirates Dirham to Eritrean Nakfa
1 AED = 0.244833333333333 ERN
Example: convert 15 AED to ERN:
15 AED = 15 × 0.244833333333333 ERN = 3.6725 ERN
United Arab Emirates Dirham to Eritrean Nakfa Conversion Table
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United Arab Emirates Dirham
The United Arab Emirates Dirham (AED) is the official currency of the United Arab Emirates, used for all monetary transactions within the country.
History/Origin
The AED was introduced in 1973, replacing the Qatar and Dubai riyal at par, to unify the various currencies used in the emirates and establish a national monetary system.
Current Use
The AED is widely used across the UAE for everyday transactions, banking, and international trade, and is recognized as a stable and reliable currency in the region.
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.