Eritrean Nakfa in Bangladeshi Taka

ERN Eritrean Nakfa

Country of application:
Eritrea

Coin denominations in circulation:
1, 5, 10, 25, 50 cents, 1 nakfa.

Denominations of banknotes in circulation:
1, 5, 10, 20, 50, 100 nakfa.

History reference:
The Eritrean nakfa is the national currency and fiat money of the State of Eritrea, a state in East Africa. Nakfa was introduced in 1997 when it replaced the Ethiopian Birr after the War of Independe...nce. The country went through seven years of stabilization, reconstruction and development before the start of a new border war with Ethiopia in 1998. In mid-2018, a turning point took place in the external environment of Eritrea. Ethiopia signed a peace treaty with Eritrea in July 2018. Eritrea has begun to normalize relations with neighboring countries. In November 2018, the UN Security Council lifted sanctions on Eritrea. The current account surplus will remain high in 2020, driven by Eritrean remittances from abroad (12% of GDP) and mining exports (25% of GDP).

BDT Bangladeshi Taka

Country of application:
Bangladesh

Coin denominations in circulation:
5 ৳

Denominations of banknotes in circulation:
5, ৳ 10, ৳ 20, 50, 100, 200, 500 and 1000.

History reference:
Taka is the official national currency in Bangladesh. In accordance with the international standard, it has been assigned the code 4217 BDT. The currency of Bangladesh consists of one hundred pise, w...hich is the local bargaining chip. Since July 1948, the Pakistani rupee has been in circulation in East Pakistan. In 1971, the independence of Bangladesh was proclaimed, and on January 1, 1972, the Bank of Bangladesh began operations and a new monetary unit, the taka, was introduced.