Convert Eritrean Nakfa to Nicaraguan Córdoba
Please provide values below to convert Eritrean Nakfa [ERN] to Nicaraguan Córdoba [NIO], or Convert Nicaraguan Córdoba to Eritrean Nakfa.
How to Convert Eritrean Nakfa to Nicaraguan Córdoba
1 ERN = 0.407761606254519 NIO
Example: convert 15 ERN to NIO:
15 ERN = 15 × 0.407761606254519 NIO = 6.11642409381779 NIO
Eritrean Nakfa to Nicaraguan Córdoba Conversion Table
| Eritrean Nakfa | Nicaraguan Córdoba |
|---|
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.
Nicaraguan Córdoba
The Nicaraguan Córdoba (NIO) is the official currency of Nicaragua, used for everyday transactions and monetary exchanges within the country.
History/Origin
The Nicaraguan Córdoba was introduced in 1912, replacing the Nicaraguan peso. It has undergone several redenominations and reforms, with the current version being issued in 1998 to stabilize the economy after periods of inflation.
Current Use
Today, the Nicaraguan Córdoba is the primary legal tender in Nicaragua, used in all financial transactions, banking, and commerce across the country.