Convert Eritrean Nakfa to Angolan Kwanza
Please provide values below to convert Eritrean Nakfa [ERN] to Angolan Kwanza [AOA], or Convert Angolan Kwanza to Eritrean Nakfa.
How to Convert Eritrean Nakfa to Angolan Kwanza
1 ERN = 0.0163132101548211 AOA
Example: convert 15 ERN to AOA:
15 ERN = 15 × 0.0163132101548211 AOA = 0.244698152322316 AOA
Eritrean Nakfa to Angolan Kwanza Conversion Table
| Eritrean Nakfa | Angolan Kwanza |
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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.
Angolan Kwanza
The Angolan Kwanza (AOA) is the official currency of Angola, used for all monetary transactions within the country.
History/Origin
The Kwanza was introduced in 1977, replacing the Angolan escudo after independence from Portugal. It has undergone several redenominations due to inflation and economic changes.
Current Use
The AOA is actively used as Angola's legal tender, with coins and banknotes circulating nationwide. It is managed by the National Bank of Angola.