Convert Jamaican Dollar to Eritrean Nakfa
Please provide values below to convert Jamaican Dollar [JMD] to Eritrean Nakfa [ERN], or Convert Eritrean Nakfa to Jamaican Dollar.
How to Convert Jamaican Dollar to Eritrean Nakfa
1 JMD = 10.6718333333333 ERN
Example: convert 15 JMD to ERN:
15 JMD = 15 × 10.6718333333333 ERN = 160.0775 ERN
Jamaican Dollar to Eritrean Nakfa Conversion Table
| Jamaican Dollar | Eritrean Nakfa |
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Jamaican Dollar
The Jamaican Dollar (JMD) is the official currency of Jamaica, used for all monetary transactions within the country.
History/Origin
The Jamaican Dollar was introduced in 1969, replacing the Jamaican Pound at a rate of 1 dollar = 1.5 pounds. It has undergone various redenominations and reforms over the years to stabilize the economy.
Current Use
Today, the Jamaican Dollar is widely used in everyday transactions, banking, and commerce across Jamaica, with coins and banknotes issued by the Bank of Jamaica.
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.