Convert Eritrean Nakfa to Chinese Yuan
Please provide values below to convert Eritrean Nakfa [ERN] to Chinese Yuan [CNY], or Convert Chinese Yuan to Eritrean Nakfa.
How to Convert Eritrean Nakfa to Chinese Yuan
1 ERN = 2.0909128925689 CNY
Example: convert 15 ERN to CNY:
15 ERN = 15 × 2.0909128925689 CNY = 31.3636933885334 CNY
Eritrean Nakfa to Chinese Yuan Conversion Table
| Eritrean Nakfa | Chinese Yuan |
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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.
Chinese Yuan
The Chinese Yuan (CNY) is the official currency of China, also known as Renminbi (RMB), and is used for all monetary transactions within the country.
History/Origin
The Chinese Yuan was introduced in 1949 following the establishment of the People's Republic of China. It has undergone various reforms and reforms, including decimalization in the 1950s and modernization efforts in recent decades to stabilize and internationalize the currency.
Current Use
Today, the CNY is widely used domestically across China and is increasingly recognized internationally, with the Chinese government promoting its use in global trade and finance. It is also a component of the International Monetary Fund's Special Drawing Rights (SDR).