US Dollar to Eritrean Nakfa — exchange rate

Country of Circulation: United States, British Virgin Islands, Ecuador, Panama and others

Currency Code, Symbol: USD, $

Denominations of coins in circulation: 1¢, 5¢, 10¢, 25¢

Denominations of banknotes in circulation: $1, $2, $5, $10, $20, $50, $100

History: The US dollar ($) is the national currency of the United States of America, one of the global reserve currencies. It is used as an official currency unit in Salvador, Marshall Islands, Panama, Bermuda. USD is used as an abbreviation for convenience and internationalization purposes.The US dollar is subdivided into cents. Every dollar has 100 cents. The currency has existed since 1792. The first dollars were made out of silver, then paper notes appeared. They have had the traditional greenish or grey color from the outset. Around 35 million pieces of dollars of different denomination worth 635 million emigrate to the USA daily. 95% of the banknotes are to replace worn-out notes.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