Convert Chinese Yuan (Offshore) to Eritrean Nakfa
Please provide values below to convert Chinese Yuan (Offshore) [CNH] to Eritrean Nakfa [ERN], or Convert Eritrean Nakfa to Chinese Yuan (Offshore).
How to Convert Chinese Yuan (Offshore) to Eritrean Nakfa
1 CNH = 0.478101266666667 ERN
Example: convert 15 CNH to ERN:
15 CNH = 15 × 0.478101266666667 ERN = 7.171519 ERN
Chinese Yuan (Offshore) to Eritrean Nakfa Conversion Table
| Chinese Yuan (Offshore) | Eritrean Nakfa |
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Chinese Yuan (Offshore)
CNH (Chinese Yuan Offshore) is the offshore version of China's currency, the Renminbi, used primarily for international trade and investment outside mainland China.
History/Origin
CNH was introduced in 2010 to facilitate offshore trading of the Chinese currency, allowing greater flexibility and internationalization of the Renminbi separate from the onshore RMB (CNY).
Current Use
CNH is widely used in global financial markets for trading, investment, and currency exchange, serving as a key component in international trade involving China.
Eritrean Nakfa
The Eritrean Nakfa (ERN) is the official currency of Eritrea, used for all monetary transactions within the country.
History/Origin
The Nakfa was introduced in 1997, replacing the Ethiopian Birr as Eritrea's national currency, to establish economic independence and stabilize the economy after independence in 1993.
Current Use
The ERN is actively used as the primary currency in Eritrea for everyday transactions, banking, and trade, with its value regulated by the country's central bank.