Convert Uzbekistan Som to Eritrean Nakfa
Please provide values below to convert Uzbekistan Som [UZS] to Eritrean Nakfa [ERN], or Convert Eritrean Nakfa to Uzbekistan Som.
How to Convert Uzbekistan Som to Eritrean Nakfa
1 UZS = 847.098086666667 ERN
Example: convert 15 UZS to ERN:
15 UZS = 15 × 847.098086666667 ERN = 12706.4713 ERN
Uzbekistan Som to Eritrean Nakfa Conversion Table
| Uzbekistan Som | Eritrean Nakfa |
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Uzbekistan Som
The Uzbekistan Som (UZS) is the official currency of Uzbekistan, used for everyday transactions and monetary exchanges within the country.
History/Origin
Introduced in 1993 following Uzbekistan's independence from the Soviet Union, the Som replaced the Russian ruble as the national currency. It has undergone several redenominations and reforms over the years to stabilize the economy.
Current Use
The Uzbekistan Som is actively used for all forms of financial transactions in Uzbekistan, including cash payments, banking, and electronic transfers. It is managed and issued by the Central Bank of Uzbekistan.
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.