Eritrean Nakfa in Croatian Kuna

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).

HRK Croatian Kuna

Country of application:
Croatia

Coin denominations in circulation:
10, 20, 50 lime, 1, 2, 5 kn.

Denominations of banknotes in circulation:
10, 20, 50, 100, 200, 500 HRK

History reference:
The Croatian kuna is the national currency of Croatia (denoted as HRK or Kn). Croatia (officially the Republic of Croatia) is a state located in Southwestern Europe in the northwest of the Balkan Pen...insula. Croatia is bordered to the west by Slovenia, to the north by Hungary, to the east by Bosnia and Herzegovina and Serbia, and in the area of the enclave of Dubrovnik and Montenegro. From the southwest, the territory of Croatia is washed by the waters of the Adriatic Sea. Today, banknotes of 5-1000 kunas and coins of 1-25 kunas, 1-50 lipas are used in circulation. The Republic of Croatia wants to join the EU, but is not yet ready to abandon its banknote in favor of the euro. Local authorities have long been deciding how to name the national currency. The chosen name “kuna” is not accidental, it comes from “marten”, it was her skins that were previously used for payment. The same animal adorns the coins of the country. HRK appeared in circulation in 1994 instead of the Croatian dinar, which appeared in 1991 as a result of secession from Yugoslavia. Since 1995, the kuna has remained the only national currency in Croatia.