Pound Sterling to Eritrean Nakfa — exchange rate

Country of Circulation: United Kingdom, Guernsey, Isle of Man, Jersey

Currency Code, Symbol: GBP, £

Denominations of coins in circulation: 1p, 2p, 5p, 10p, 20p, 50p, £1, £2

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

History: The British pound or pound sterling (symbol: £, code: GBP, number: 826) is the national currency of the United Kingdom of Great Britain. It is an official currency of Gibraltar, the Falkland Islands, Saint Helena. The GBP abbreviation is used to identify £ in the international financial arena.Change is called pence, also known as British pennies. One GBP has 100 pennies. It is one of the oldest world currencies. The currency was issued in 1694, replacing the East African rupee. In spite of mass euro introduction on the European territory, Great Britain refused to get rid of its local currency. Pound sterling has remained the main reserve currency for many governments for a long time.Read More

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