For translation Nigerian Naira in Eritrean Nakfa enter the desired amount in the left side converter. Swap currencies for reverse transfer. Nigerian Naira in Eritrean Nakfa can transfer using the Gidfinance-us.com currency converter. Data on our website updated every day – current rate Nigerian Naira to Eritrean Nakfa downloaded from official sources.
Information updates: 06.07.24 06:00
To calculate the cost of foreign currency conversion, we use market exchange rates 152 currencies of the world.
Country of application:
Nigeria
Currency
NGN
Code
566
Symbol
₦
Coin denominations in circulation:
50 kobo, 1, 2.
Denominations of banknotes in circulation:
5, 10, 20, 50, 100, 200, 500, 1000 naira.
History reference:
The Nigerian Naira is the currency of Nigeria, the name of the currency comes from the name of the state and the river. The naira was put into circulation on January 1, 1973 instead of the Nigerian p...ound, 1 pound = 2 naira. Thus, Nigeria became the last African state to abandon the duodecimal monetary system. Rampant inflation has occurred in Nigeria. The Central Bank of Nigeria said they were trying to keep the annual inflation rate below 10%. In 2011, CBN increased its key interest rate 6 times from 6.25% to 12%. On January 31, 2012, CBN decided to keep its key interest rate at 12% to reduce the impact of inflation due to cuts in fuel subsidies. On October 25, 2021, eNaira, an electronic analogue of the national currency, was launched in Nigeria. eNaira is not a cryptocurrency, all transactions are controlled by financial government agencies.
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).
0.0195 ERN
0.039 ERN
0.0585 ERN
0.078 ERN
0.0975 ERN
0.195 ERN
0.39 ERN
0.585 ERN
0.78 ERN
0.975 ERN
1.95 ERN
3.9 ERN
9.75 ERN
19.5 ERN
195 ERN
51.3893 NGN
102.7786 NGN
154.1679 NGN
205.5572 NGN
256.9465 NGN
513.893 NGN
1027.786 NGN
1541.679 NGN
2055.572 NGN
2569.465 NGN
5138.93 NGN
10277.86 NGN
25694.65 NGN
51389.3 NGN
513893 NGN
The Nigerian Naira to Eritrean Nakfa 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 Nigerian Naira to Eritrean Nakfa for today. The exchange rate of Nigerian Naira to Eritrean Nakfa today, 06.07.24, today 0.0194 NGN to ERN.
Over the past 7 days, the rate of Nigerian Naira to Eritrean Nakfa has changed by 774.436%, from to 774.436 NGN to ERN.
Over the past 30 days, the Nigerian Naira to Eritrean Nakfa rate has changed by 2.7%, from 753.86 to 774.436 NGN to ERN.
Over the past 365 days, the Nigerian Naira to Eritrean Nakfa rate has changed by 86.8%, from 414.68 to 774.436 NGN to ERN.