Convert Kyrgystani Som to Eritrean Nakfa
Please provide values below to convert Kyrgystani Som [KGS] to Eritrean Nakfa [ERN], or Convert Eritrean Nakfa to Kyrgystani Som.
How to Convert Kyrgystani Som to Eritrean Nakfa
1 KGS = 5.81981333333333 ERN
Example: convert 15 KGS to ERN:
15 KGS = 15 × 5.81981333333333 ERN = 87.2972 ERN
Kyrgystani Som to Eritrean Nakfa Conversion Table
| Kyrgystani Som | Eritrean Nakfa |
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Kyrgystani Som
The Kyrgystani Som (KGS) is the official currency of Kyrgyzstan, used for all monetary transactions within the country.
History/Origin
The Som was introduced in 1993, replacing the Soviet ruble, as part of Kyrgyzstan's independence and economic transition to establish a national currency.
Current Use
The Kyrgystani Som is actively used in everyday transactions, banking, and financial markets within Kyrgyzstan, with ongoing efforts to stabilize and modernize its economy.
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.