Convert North Korean Won to Eritrean Nakfa
Please provide values below to convert North Korean Won [KPW] to Eritrean Nakfa [ERN], or Convert Eritrean Nakfa to North Korean Won.
How to Convert North Korean Won to Eritrean Nakfa
1 KPW = 60 ERN
Example: convert 15 KPW to ERN:
15 KPW = 15 × 60 ERN = 900 ERN
North Korean Won to Eritrean Nakfa Conversion Table
| North Korean Won | Eritrean Nakfa |
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North Korean Won
The North Korean Won (KPW) is the official currency of North Korea, used for everyday transactions within the country.
History/Origin
The North Korean Won was first introduced in 1947, replacing the Korean won used during the Japanese occupation, and has undergone several redenominations and reforms since then.
Current Use
Today, the KPW is primarily used domestically in North Korea, with limited acceptance outside the country; it is subject to strict government control and currency regulations.
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.