For translation Eritrean Nakfa in Philippine Peso enter the desired amount in the left side converter. Swap currencies for reverse transfer. Eritrean Nakfa in Philippine Peso can transfer using the Gidfinance-us.com currency converter. Data on our website updated every day – current rate Eritrean Nakfa to Philippine Peso downloaded from official sources.
Information updates: 06.06.24 19:00
To calculate the cost of foreign currency conversion, we use market exchange rates 152 currencies of the world.
Country of application:
Eritrea
Currency
ERN
Code
232
Symbol
Nkf
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).
Country of application:
Philippines
Currency
PHP
Code
608
Symbol
₱
Coin denominations in circulation:
20, 50, 100, 200, 500, 1000 Philippine pesos.
Denominations of banknotes in circulation:
1, 5, 10, 25 centimos, 1, 5, 10 Philippine pesos.
History reference:
The Philippine peso is the national currency of the Philippines. In 1898, the country experienced a revolution and issued its own coins and paper money backed by the countrys resources. The revolutio...n was short-lived - this money ceased to circulate in 1901. The US took control of the Philippines and launched a currency that was pegged to the price of gold, which at the time was about half the value of the United States dollar (USD). The peg of £2 to the dollar continued until the country became independent in 1946. Monetary policy in the Philippines is conducted by the Central Bank of the Philippines (BSP), established on July 3, 1993 as the central bank. It produces the nations banknotes and coins at its Security Enterprise Complex, which is due to relocate to New Clark City in Kapas, Tarlac.
The Eritrean Nakfa to Philippine Peso online calculator is easy to use. It is enough to enter the required number of monetary units for the data to be calculated automatically.
Online currency converter is a tool that will allow you to calculate the ratio of Eritrean Nakfa to Philippine Peso for today. The exchange rate of Eritrean Nakfa to Philippine Peso today, 06.06.24, today 3.7657 ERN to PHP.
Over the past 7 days, the rate of Eritrean Nakfa to Philippine Peso has changed by 15.07%, from to 15.07 ERN to PHP.