Convert Eritrean Nakfa to Bermudan Dollar
Please provide values below to convert Eritrean Nakfa [ERN] to Bermudan Dollar [BMD], or Convert Bermudan Dollar to Eritrean Nakfa.
How to Convert Eritrean Nakfa to Bermudan Dollar
1 ERN = 15 BMD
Example: convert 15 ERN to BMD:
15 ERN = 15 × 15 BMD = 225 BMD
Eritrean Nakfa to Bermudan Dollar Conversion Table
| Eritrean Nakfa | Bermudan Dollar |
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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.
Bermudan Dollar
The Bermudan Dollar (BMD) is the official currency of Bermuda, used for all monetary transactions within the territory.
History/Origin
Introduced in 1970, the Bermudan Dollar replaced the Bermudian Pound at par, aligning Bermuda's currency with the US dollar for economic stability and convenience.
Current Use
The Bermudan Dollar is widely accepted in Bermuda, often pegged at par to the US dollar, and is used in everyday transactions, banking, and commerce within the territory.