ERN - Eritrean Nakfa currency

Eritrea flag 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
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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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