Eritrean Nakfa to Euro — exchange rate

Country of Circulation: Eritrea

Currency Code, Symbol: ERN, Nkf

Denominations of coins in circulation: 1, 5, 10, 25, 50 cents, 1 nakfa

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

History: The Eritrean nakfa (Nfk) is the national currency of Eritrea, a country located in the eastern part of Africa. It has a set international abbreviation – ERN. The Eritrean nakfa can be exchanged with cents.One ERN has 100 cents. The currency was introduced in 1997. The birr, Ethiopian currency, was used in the country before that. The Eritrean nakfa has portraits of local peoples, conveying uniqueness of this African country, depicted on it. The back side of the notes are decorated with landscapes and local sightseeing places.Read More

Country of Circulation: European Union

Currency Code, Symbol: EUR, €

Denominations of coins in circulation: 1c, 2c, 5c, 10c, 20c, 50c, €1, €2

Denominations of banknotes in circulation: €5, €10, €20, €50, €100

History: The euro (sign: €, code: EUR, number: 978) is a currency unit that is used for payment on the Eurozone territory. It is used among the majority of European countries: in Germany, Austria, Spain, France, Greece, etc. A common abbreviation of the currency is EUR.Every euro is worth 100 cents. Sometimes the coins are called eurocents to avoid misunderstanding. The € currency was introduced in 2002 after the official establishment of the European Union. It has replaced a lot of European currencies: Greek drachma, Lithuanian litas, Slovak krona and so on. Introducing euro on a vast territory has allowed to remove transfer commission connected to conversion. Many preserved local currencies have a rate closely tied to EUR.Read More