Convert Paraguayan Guarani to Eritrean Nakfa
Please provide values below to convert Paraguayan Guarani [PYG] to Eritrean Nakfa [ERN], or Convert Eritrean Nakfa to Paraguayan Guarani.
How to Convert Paraguayan Guarani to Eritrean Nakfa
1 PYG = 514.142006666667 ERN
Example: convert 15 PYG to ERN:
15 PYG = 15 × 514.142006666667 ERN = 7712.1301 ERN
Paraguayan Guarani to Eritrean Nakfa Conversion Table
| Paraguayan Guarani | Eritrean Nakfa |
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Paraguayan Guarani
The Paraguayan Guarani (PYG) is the official currency of Paraguay, used for all monetary transactions within the country.
History/Origin
The Guarani was introduced in 1943, replacing the peso at a rate of 1 Guarani = 1 peso, and has undergone various redenominations and reforms since then to stabilize the economy.
Current Use
Today, the Guarani remains the national currency of Paraguay, widely used in everyday commerce, banking, and financial transactions across the country.
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.