Convert Uruguayan Peso to Eritrean Nakfa
Please provide values below to convert Uruguayan Peso [UYU] to Eritrean Nakfa [ERN], or Convert Eritrean Nakfa to Uruguayan Peso.
How to Convert Uruguayan Peso to Eritrean Nakfa
1 UYU = 2.68666 ERN
Example: convert 15 UYU to ERN:
15 UYU = 15 × 2.68666 ERN = 40.2999 ERN
Uruguayan Peso to Eritrean Nakfa Conversion Table
| Uruguayan Peso | Eritrean Nakfa |
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Uruguayan Peso
The Uruguayan Peso (UYU) is the official currency of Uruguay, used for all monetary transactions within the country.
History/Origin
Introduced in 1993 to replace the Uruguayan Peso Moneda Nacional, the UYU has undergone various redenominations and monetary reforms to stabilize the economy and control inflation.
Current Use
The UYU is widely used in Uruguay for everyday transactions, banking, and trade, and is also accepted in some border regions of neighboring countries.
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.