Convert Qatari Rial to Eritrean Nakfa
Please provide values below to convert Qatari Rial [QAR] to Eritrean Nakfa [ERN], or Convert Eritrean Nakfa to Qatari Rial.
How to Convert Qatari Rial to Eritrean Nakfa
1 QAR = 0.242666666666667 ERN
Example: convert 15 QAR to ERN:
15 QAR = 15 × 0.242666666666667 ERN = 3.64 ERN
Qatari Rial to Eritrean Nakfa Conversion Table
| Qatari Rial | Eritrean Nakfa |
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Qatari Rial
The Qatari Rial (QAR) is the official currency of Qatar, used for all monetary transactions within the country.
History/Origin
The Qatari Rial was introduced in the 1960s, replacing the Indian Rupee, and has undergone various redenominations and stability measures to establish its value.
Current Use
The Qatari Rial is widely used in Qatar for everyday transactions, banking, and international trade, and is pegged to a basket of currencies with a fixed exchange rate to the US dollar.
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.