Convert Iraqi Dinar to Eritrean Nakfa
Please provide values below to convert Iraqi Dinar [IQD] to Eritrean Nakfa [ERN], or Convert Eritrean Nakfa to Iraqi Dinar.
How to Convert Iraqi Dinar to Eritrean Nakfa
1 IQD = 87.3101733333333 ERN
Example: convert 15 IQD to ERN:
15 IQD = 15 × 87.3101733333333 ERN = 1309.6526 ERN
Iraqi Dinar to Eritrean Nakfa Conversion Table
| Iraqi Dinar | Eritrean Nakfa |
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Iraqi Dinar
The Iraqi Dinar (IQD) is the official currency of Iraq, used for everyday transactions and monetary exchanges within the country.
History/Origin
The Iraqi Dinar was introduced in 1932, replacing the Indian Rupee, and has undergone various redenominations and reforms, especially following periods of economic instability and conflict.
Current Use
Today, the IQD is the official currency of Iraq, used in all financial transactions, with the Central Bank of Iraq managing its issuance and regulation.
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.