Convert Eritrean Nakfa to Kazakhstani Tenge
Please provide values below to convert Eritrean Nakfa [ERN] to Kazakhstani Tenge [KZT], or Convert Kazakhstani Tenge to Eritrean Nakfa.
How to Convert Eritrean Nakfa to Kazakhstani Tenge
1 ERN = 0.0280526836880377 KZT
Example: convert 15 ERN to KZT:
15 ERN = 15 × 0.0280526836880377 KZT = 0.420790255320565 KZT
Eritrean Nakfa to Kazakhstani Tenge Conversion Table
| Eritrean Nakfa | Kazakhstani Tenge |
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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.
Kazakhstani Tenge
The Kazakhstani Tenge (KZT) is the official currency of Kazakhstan, used for all monetary transactions within the country.
History/Origin
Introduced in 1993 following Kazakhstan's independence from the Soviet Union, the Tenge replaced the Soviet ruble and has undergone various redenominations and reforms to stabilize the economy.
Current Use
The Tenge is actively used in Kazakhstan for everyday transactions, banking, and trade, and is managed by the National Bank of Kazakhstan. It features modern security features and is available in both cash and digital forms.