Convert Macedonian Denar to Eritrean Nakfa
Please provide values below to convert Macedonian Denar [MKD] to Eritrean Nakfa [ERN], or Convert Eritrean Nakfa to Macedonian Denar.
How to Convert Macedonian Denar to Eritrean Nakfa
1 MKD = 3.52305333333333 ERN
Example: convert 15 MKD to ERN:
15 MKD = 15 × 3.52305333333333 ERN = 52.8458 ERN
Macedonian Denar to Eritrean Nakfa Conversion Table
| Macedonian Denar | Eritrean Nakfa |
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Macedonian Denar
The Macedonian Denar (MKD) is the official currency of North Macedonia, used for all monetary transactions within the country.
History/Origin
The Denar was introduced in 1992 following the independence of North Macedonia, replacing the Yugoslav dinar. It has undergone various redenominations and reforms to stabilize the economy.
Current Use
The Denar is actively used as the national currency for everyday transactions, banking, and trade in North Macedonia, with coins and banknotes issued by the National Bank of North Macedonia.
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.