Convert Bermudan Dollar to Eritrean Nakfa
Please provide values below to convert Bermudan Dollar [BMD] to Eritrean Nakfa [ERN], or Convert Eritrean Nakfa to Bermudan Dollar.
How to Convert Bermudan Dollar to Eritrean Nakfa
1 BMD = 0.0666666666666667 ERN
Example: convert 15 BMD to ERN:
15 BMD = 15 × 0.0666666666666667 ERN = 1 ERN
Bermudan Dollar to Eritrean Nakfa Conversion Table
| Bermudan Dollar | Eritrean Nakfa |
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Bermudan Dollar
The Bermudan Dollar (BMD) is the official currency of Bermuda, used for all monetary transactions within the territory.
History/Origin
Introduced in 1970, the Bermudan Dollar replaced the Bermudian Pound at par, aligning Bermuda's currency with the US dollar for economic stability and convenience.
Current Use
The Bermudan Dollar is widely accepted in Bermuda, often pegged at par to the US dollar, and is used in everyday transactions, banking, and commerce within the territory.
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.