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Encyclopedia > Eritrean nakfa

The nakfa is the currency of Eritrea, divided into 100 cents. Its ISO 4217 code is "ERN". The currency was introduced in 1997 to replace the Ethiopian birr at par. ISO 4217 is the international standard describing three letter codes (also known as the currency code) to define the names of currencies established by the International Organization for Standardization (ISO). ... 1997 (MCMXCVII) was a common year starting on Wednesday of the Gregorian calendar. ... The birr is the unit of currency in Ethiopia. ...


For an earlier currency of Eritrea, see tallero. The tallero was the currency of Eritrea between 1890 and 1921. ...


Banknotes come in denominations of: A £20 Ulster Bank banknote. ...

  • 1 Nakfa
  • 5 Nakfa
  • 10 Nakfa
  • 20 Nakfa
  • 50 Nakfa
  • 100 Nakfa

Coinage is made entirely of stainless steel. Each coin has a different milled edge, instead of consistent milling for all denominations. Note that the 1 nakfa coin carries the denomination 100 cents. Coinage is: A Drinking game also known as Quarters a series of coins struck as part of currency a magazine about numismatics, capitalized: COINage The right or process of making coins The creation of a neologism, or new word; see word coinage The duty or tax on refined tin, abolished...


Coinage denominations:

  • 1 cent
  • 5 cents
  • 10 cents
  • 25 cents
  • 50 cents
  • 100 cents (1 Nakfa)

Current ERN exchange rates

As of June 13, 2006, the rate was
1 USD = 15 ERN
1 EUR = 18.8718 ERN
edit this exchange rate This article is about general United States currency. ... The euro (symbol: €; banking code: EUR) is the official currency of the European Union and single currency for over 300 million Europeans in the following twelve European Union member states: Austria, Belgium, Finland, France, Germany, Greece, Ireland, Italy, Luxembourg, the Netherlands, Portugal and Spain; collectively also known as the Eurozone. ...

Use Yahoo! Finance: AUD BRL CAD CNY EUR GBP INR JPY MXN RUB USD
Use XE.com: AUD BRL CAD CNY EUR GBP INR JPY MXN RUB USD

The nakfa has been pegged with the United States dollar at the above mentioned rate since January 1, 2005. This article is about general United States currency. ...


References

Preceded by:
Ethiopian birr
Reason: currency independence
Ratio: at par		 Currency of Eritrea
1997 –		 Succeeded by:
Current
Currencies of Africa edit this box
North Algerian dinar | Egyptian pound | Libyan dinar | Mauritanian ouguiya | Moroccan dirham | Sudanese dinar | Tunisian dinar
Central Angolan kwanza | Burundian franc | Central African CFA franc (Cameroon, Central African Republic, Chad, Republic of the Congo, Equatorial Guinea, and Gabon) | Congolese franc | Rwandan franc
West Cape Verdean escudo | Gambian dalasi | Ghanaian cedi | Guinean franc | Liberian dollar | Nigerian naira | São Tomé and Príncipe dobra | Sierra Leonean leone | West African CFA franc (Benin, Burkina Faso, Côte d'Ivoire, Guinea-Bissau, Mali, Niger, Senegal, and Togo)
East Comorian franc | Djiboutian franc | Eritrean nakfa | Ethiopian birr | Kenyan shilling | Seychelles rupee | Somali shilling | Somaliland shilling | Tanzanian shilling | Ugandan shilling
South Botswana pula | Euro (Réunion) | Lesotho loti | Malawian kwacha | Malagasy ariary | Mauritian rupee | Mozambican metical | Namibian dollar | Saint Helena pound | South African rand | Swazi lilangeni | Zambian kwacha | Zimbabwean dollar

  Results from FactBites:
 
Nakfa - Eritrean currency (514 words)
The national currency of Eritrea is the Nakfa.
It was introduced in 1998 and has been named after the town of Nacfa, the town in the Sahel mountains that served as the headquarters of the EPLF during Eritrea's armed struggle against Ethiopian occupation, and so both Nakfa's became a symbol of Eritrea's hard-fought-for independence.
The Eritrean Nakfa is issued in notes with denominations of 100, 50, 10, 5 and 1 Nakfa.
  More results at FactBites »


 

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