Convert Peruvian Nuevo Sol to Eritrean Nakfa
Please provide values below to convert Peruvian Nuevo Sol [PEN] to Eritrean Nakfa [ERN], or Convert Eritrean Nakfa to Peruvian Nuevo Sol.
How to Convert Peruvian Nuevo Sol to Eritrean Nakfa
1 PEN = 0.23718 ERN
Example: convert 15 PEN to ERN:
15 PEN = 15 × 0.23718 ERN = 3.5577 ERN
Peruvian Nuevo Sol to Eritrean Nakfa Conversion Table
| Peruvian Nuevo Sol | Eritrean Nakfa |
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Peruvian Nuevo Sol
The Peruvian Nuevo Sol (PEN) is the official currency of Peru, used for all monetary transactions within the country.
History/Origin
Introduced in 1991 to replace the Peruvian Sol, the Nuevo Sol was established to stabilize the economy and control inflation. It has undergone several reforms and is now the stable currency of Peru.
Current Use
The Nuevo Sol is widely used in everyday transactions, banking, and financial markets in Peru. It is subdivided into 100 céntimos and remains the country's primary legal tender.
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.