Convert Eritrean Nakfa to Rwandan Franc
Please provide values below to convert Eritrean Nakfa [ERN] to Rwandan Franc [RWF], or Convert Rwandan Franc to Eritrean Nakfa.
How to Convert Eritrean Nakfa to Rwandan Franc
1 ERN = 0.0103636121693127 RWF
Example: convert 15 ERN to RWF:
15 ERN = 15 × 0.0103636121693127 RWF = 0.15545418253969 RWF
Eritrean Nakfa to Rwandan Franc Conversion Table
| Eritrean Nakfa | Rwandan Franc |
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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.
Rwandan Franc
The Rwandan Franc (RWF) is the official currency of Rwanda, used for all monetary transactions within the country.
History/Origin
The Rwandan Franc was introduced in 1964, replacing the Rwandan Congolese franc, and has undergone various redenominations and updates since then to stabilize the economy and facilitate trade.
Current Use
Today, the Rwandan Franc is widely used in Rwanda for everyday transactions, banking, and trade, with coins and banknotes issued by the National Bank of Rwanda.