Convert Colombian Peso to Eritrean Nakfa
Please provide values below to convert Colombian Peso [COP] to Eritrean Nakfa [ERN], or Convert Eritrean Nakfa to Colombian Peso.
How to Convert Colombian Peso to Eritrean Nakfa
1 COP = 268.761653333333 ERN
Example: convert 15 COP to ERN:
15 COP = 15 × 268.761653333333 ERN = 4031.4248 ERN
Colombian Peso to Eritrean Nakfa Conversion Table
| Colombian Peso | Eritrean Nakfa |
|---|
Colombian Peso
The Colombian Peso (COP) is the official currency of Colombia, used for all monetary transactions within the country.
History/Origin
The Colombian Peso was introduced in 1810, replacing the real, and has undergone various reforms and redenominations over the years to stabilize the economy and modernize the currency system.
Current Use
Today, the COP is widely used in Colombia for everyday transactions, banking, and international trade, with coins and banknotes issued by the Banco de la República.
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.