Convert Solomon Islands Dollar to Eritrean Nakfa
Please provide values below to convert Solomon Islands Dollar [SBD] to Eritrean Nakfa [ERN], or Convert Eritrean Nakfa to Solomon Islands Dollar.
How to Convert Solomon Islands Dollar to Eritrean Nakfa
1 SBD = 0.549366666666667 ERN
Example: convert 15 SBD to ERN:
15 SBD = 15 × 0.549366666666667 ERN = 8.2405 ERN
Solomon Islands Dollar to Eritrean Nakfa Conversion Table
| Solomon Islands Dollar | Eritrean Nakfa |
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Solomon Islands Dollar
The Solomon Islands Dollar (SBD) is the official currency of the Solomon Islands, used for all monetary transactions within the country.
History/Origin
The Solomon Islands Dollar was introduced in 1977, replacing the Australian dollar at par, to establish a distinct national currency following independence from British rule.
Current Use
The SBD is widely used in the Solomon Islands for everyday transactions, banking, and trade, and is pegged to a basket of currencies to maintain stability.
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.