Convert Ugandan Shilling to Eritrean Nakfa
Please provide values below to convert Ugandan Shilling [UGX] to Eritrean Nakfa [ERN], or Convert Eritrean Nakfa to Ugandan Shilling.
How to Convert Ugandan Shilling to Eritrean Nakfa
1 UGX = 237.75124 ERN
Example: convert 15 UGX to ERN:
15 UGX = 15 × 237.75124 ERN = 3566.2686 ERN
Ugandan Shilling to Eritrean Nakfa Conversion Table
| Ugandan Shilling | Eritrean Nakfa |
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Ugandan Shilling
The Ugandan Shilling (UGX) is the official currency of Uganda, used for all monetary transactions within the country.
History/Origin
The Ugandan Shilling was introduced in 1966, replacing the East African Shilling, and has undergone various denominations and reforms over the years to stabilize the economy.
Current Use
Today, the UGX is widely used in Uganda for everyday transactions, banking, and trade, and is managed by the Bank of Uganda.
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.