Convert Eritrean Nakfa to New Taiwan Dollar
Please provide values below to convert Eritrean Nakfa [ERN] to New Taiwan Dollar [TWD], or Convert New Taiwan Dollar to Eritrean Nakfa.
How to Convert Eritrean Nakfa to New Taiwan Dollar
1 ERN = 0.510812191384301 TWD
Example: convert 15 ERN to TWD:
15 ERN = 15 × 0.510812191384301 TWD = 7.66218287076452 TWD
Eritrean Nakfa to New Taiwan Dollar Conversion Table
| Eritrean Nakfa | New Taiwan 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.
New Taiwan Dollar
The New Taiwan Dollar (TWD) is the official currency of Taiwan, used for everyday transactions and financial exchanges within the country.
History/Origin
The New Taiwan Dollar was introduced in 1949 to replace the Old Taiwan Dollar, stabilizing Taiwan's economy after World War II and subsequent political changes. It has undergone several reforms and devaluations over the decades to adapt to economic conditions.
Current Use
Today, the TWD is widely used in Taiwan for all monetary transactions, including retail, banking, and international trade. It is also accepted in some neighboring regions and is actively traded in foreign exchange markets.