Convert Eritrean Nakfa to Algerian Dinar
Please provide values below to convert Eritrean Nakfa [ERN] to Algerian Dinar [DZD], or Convert Algerian Dinar to Eritrean Nakfa.
How to Convert Eritrean Nakfa to Algerian Dinar
1 ERN = 0.115383816573578 DZD
Example: convert 15 ERN to DZD:
15 ERN = 15 × 0.115383816573578 DZD = 1.73075724860366 DZD
Eritrean Nakfa to Algerian Dinar Conversion Table
| Eritrean Nakfa | Algerian Dinar |
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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.
Algerian Dinar
The Algerian Dinar (DZD) is the official currency of Algeria, used for everyday transactions and monetary exchanges within the country.
History/Origin
The Algerian Dinar was introduced in 1964, replacing the Algerian franc after independence, and has undergone several reforms to stabilize the economy and control inflation.
Current Use
Today, the Dinar remains the official currency of Algeria, used in all financial transactions, banking, and commerce across the country.