- Eritrean nakfa
Eritrean nakfa 1 nakfa banknote ISO 4217 code ERN User(s) Eritrea Inflation 18% Source The World Factbook, 2008 est. Pegged with U.S. dollar = 15 nakfa Subunit 1/100 cent Symbol Nfk Coins 1, 5, 10, 25, 50 cents, 1 nakfa Banknotes 1, 5, 10, 20, 50, 100 nakfa Central bank Bank of Eritrea
The nakfa (ISO 4217 code: ERN) is the currency of Eritrea. It is divided into 100 cents. The currency was introduced in 1997 to replace the Ethiopian birr at par, and it was named after the town of Nakfa.
For an earlier currency of Eritrea, see tallero.
- 1 cent
- 5 cents
- 10 cents
- 25 cents
- 50 cents
- 100 cents (1 nakfa)
Banknotes come in denominations of:
- 1 nakfa
- 5 nakfa
- 10 nakfa
- 20 nakfa
- 50 nakfa
- 100 nakfa
There are two issues of banknotes. The first issue of all denominations is dated 24 May 1997; the second issue consists of only the 50- and 100-nakfa notes and is dated 24 May 2004 (May 24 is Eritrea's Independence Day).
Current ERN exchange rates From Google Finance: AUD CAD CHF EUR GBP HKD JPY USD From Yahoo! Finance: AUD CAD CHF EUR GBP HKD JPY USD From OzForex: AUD CAD CHF EUR GBP HKD JPY USD From XE.com: AUD CAD CHF EUR GBP HKD JPY USD From OANDA.com: AUD CAD CHF EUR GBP HKD JPY USD
The nakfa has been pegged with the United States dollar at 1 dollar = 15 nakfa since January 1, 2005.
- ^ Nachthund. "Update - Eritrea". http://www.nachthund.biz/CatalogUpdate/Erithea/EritheaIndex.html. Retrieved 2006-07-31.
Reason: currency independence
Ratio: at par
Currency of Eritrea
Economy of EritreaCurrency: Eritrean nakfa Communications Industries:Agriculture · Tourism
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