Convert Malaysian Ringgit to Eritrean Nakfa
Please provide values below to convert Malaysian Ringgit [MYR] to Eritrean Nakfa [ERN], or Convert Eritrean Nakfa to Malaysian Ringgit.
How to Convert Malaysian Ringgit to Eritrean Nakfa
1 MYR = 0.282093333333333 ERN
Example: convert 15 MYR to ERN:
15 MYR = 15 × 0.282093333333333 ERN = 4.2314 ERN
Malaysian Ringgit to Eritrean Nakfa Conversion Table
| Malaysian Ringgit | Eritrean Nakfa |
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Malaysian Ringgit
The Malaysian Ringgit (MYR) is the official currency of Malaysia, used for all monetary transactions within the country.
History/Origin
The Ringgit was introduced in 1967, replacing the Malayan dollar. It was initially pegged to the British Pound and later to the US Dollar, with a floating exchange rate established in 1998.
Current Use
The MYR is widely used in Malaysia for everyday transactions, banking, and international trade, and is managed by Bank Negara Malaysia, the country's central bank.
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.