Convert Rwandan Franc to Eritrean Nakfa
Please provide values below to convert Rwandan Franc [RWF] to Eritrean Nakfa [ERN], or Convert Eritrean Nakfa to Rwandan Franc.
How to Convert Rwandan Franc to Eritrean Nakfa
1 RWF = 96.4914533333333 ERN
Example: convert 15 RWF to ERN:
15 RWF = 15 × 96.4914533333333 ERN = 1447.3718 ERN
Rwandan Franc to Eritrean Nakfa Conversion Table
| Rwandan Franc | Eritrean Nakfa |
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Rwandan Franc
The Rwandan Franc (RWF) is the official currency of Rwanda, used for all monetary transactions within the country.
History/Origin
The Rwandan Franc was introduced in 1964, replacing the Rwandan Congolese franc, and has undergone various redenominations and updates since then to stabilize the economy and facilitate trade.
Current Use
Today, the Rwandan Franc is widely used in Rwanda for everyday transactions, banking, and trade, with coins and banknotes issued by the National Bank of Rwanda.
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.