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ERN - Eritrean Nakfa currency
Eritrea
The Eritrean Nakfa (ERN) is the official currency of Eritrea, issued by the Bank of Eritrea. Introduced in 1997, it replaced the Ethiopian Birr as part of Eritrea’s economic independence following its separation from Ethiopia. The Nakfa is pegged to the US dollar at a fixed rate of approximately 1 USD = 15 ERN, though black market rates vary significantly. Eritrea’s economy is based on agriculture, mining, and remittances, with government-controlled financial policies influencing the Nakfa's stability.
ERN - Eritrean Nakfa profile
Symbol
Nfk
ISO 4217 Code
ERN
Central Bank
Bank of Eritrea
Nicknames
Nakfa
Countries using this currency
Eritrea
ERN - Eritrean Nakfa live currency rates
| Currency | Rate | Change |
|---|---|---|
| AUD / INR | ||
| CAD / INR | ||
| EUR / INR | ||
| GBP / INR | ||
| MYR / INR | ||
| MYR / SGD | ||
| SGD / INR | ||
| SGD / MYR | ||
| USD / INR | ||
| USD / NPR |
Last updated: Exchange rates here are informational, reflecting mid-market rates which fluctuate regularly. For an estimation of the rates offered by Instarem, please check our currency conversion calculator at the time of transfer.
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Disclaimer: All information in this article is provided for general knowledge and educational use only. It should not be considered legal, tax, or financial advice. We recommend contacting a licensed expert in your area for assistance with specific concerns.
