Convert Angolan Kwanza to Eritrean Nakfa
Please provide values below to convert Angolan Kwanza [AOA] to Eritrean Nakfa [ERN], or Convert Eritrean Nakfa to Angolan Kwanza.
How to Convert Angolan Kwanza to Eritrean Nakfa
1 AOA = 61.3000133333333 ERN
Example: convert 15 AOA to ERN:
15 AOA = 15 × 61.3000133333333 ERN = 919.5002 ERN
Angolan Kwanza to Eritrean Nakfa Conversion Table
| Angolan Kwanza | Eritrean Nakfa |
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Angolan Kwanza
The Angolan Kwanza (AOA) is the official currency of Angola, used for all monetary transactions within the country.
History/Origin
The Kwanza was introduced in 1977, replacing the Angolan escudo after independence from Portugal. It has undergone several redenominations due to inflation and economic changes.
Current Use
The AOA is actively used as Angola's legal tender, with coins and banknotes circulating nationwide. It is managed by the National Bank of Angola.
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.