Convert Dominican Peso to Eritrean Nakfa
Please provide values below to convert Dominican Peso [DOP] to Eritrean Nakfa [ERN], or Convert Eritrean Nakfa to Dominican Peso.
How to Convert Dominican Peso to Eritrean Nakfa
1 DOP = 4.0234 ERN
Example: convert 15 DOP to ERN:
15 DOP = 15 × 4.0234 ERN = 60.351 ERN
Dominican Peso to Eritrean Nakfa Conversion Table
| Dominican Peso | Eritrean Nakfa |
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Dominican Peso
The Dominican Peso (DOP) is the official currency of the Dominican Republic, used for everyday transactions and financial exchanges within the country.
History/Origin
The Dominican Peso was introduced in 1947, replacing the Dominican Republic peso at a rate of 1 peso to 1 peso. It has undergone various reforms and decimalization over the years to stabilize the economy and modernize the currency system.
Current Use
Today, the Dominican Peso remains the official currency of the Dominican Republic, widely used in all sectors of the economy, with banknotes and coins circulating throughout the country and in international transactions involving the Dominican Republic.
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.