Eritrean Nakfa

Eritrean Nakfa

The nakfa (ISO 4217 code: ERN) is the currency of Eritrea and was introduced on 8 November 1997 to replace the Ethiopian birr at par. The currency takes its name from the Eritrean town of Nakfa, site of the first major victory of the Eritrean War of Independence. The nakfa is divided into 100 cents. The nakfa is pegged to the US dollar at a fixed rate of USD$1 = ERN15. Prior to that it was officially pegged at USD$1 = ERN13.50, however black market rates available on the streets typically offered a rate of 22 nakfas per dollar.Between 18 November and 31 December 2015, the Bank of Eritrea began replacement of all nakfa banknotes. The banknote replacement initiative was designed to combat counterfeiting, the informal economy but primarily Sudanese human traffickers who had accepted payments in nakfa banknotes in exchange for transporting would-be migrants primarily to Europe. A consequence of this was substantial amounts of the country's currency existed in vast hoardings outside Eritrea. The plan to replace the country's currency was top secret and designed to prevent human traffickers bringing their funds back in time to exchange for the new banknotes. On 1 January 2016 the old nakfa banknotes ceased being recognized as legal tender, rendering external stockpiles of currency worthless.The current series of banknotes is the artwork of an Afro-American banknote designer, Clarence Holbert, and printed by German currency printer Giesecke & Devrient.

Canadian Dollar

Canadian Dollar

The Canadian dollar (symbol: $; code: CAD; French: dollar canadien) is the currency of Canada. It is abbreviated with the dollar sign $, or sometimes Can$ or C$ to distinguish it from other dollar-denominated currencies. It is divided into 100 cents (¢). Owing to the image of a loon on the one-dollar coin, the currency is sometimes referred to as the loonie by foreign exchange traders and analysts, as it is by Canadians in general, or huard in French. Accounting for approximately 2% of all global reserves, the Canadian dollar is the fifth most held reserve currency in the world, behind the U.S. dollar, the euro, the yen and the pound sterling. The Canadian dollar is popular with central banks because of Canada's relative economic soundness, the Canadian government's strong sovereign position, and the stability of the country's legal and political systems.

11 Eritrean Nakfa to Canadian Dollar exchange rates chart

11 ERN to CAD exchange rates graph
11 ERN to CAD exchange rate – This is known more formally as the ‘interbank’ rate. It is the rate banks or large financial institutions charge each other when trading significant amounts of foreign currency. In the business, this is sometimes referred to as a ‘spot rate’. It is not the tourist rate and you cannot buy currency at this rate, as you are buying relatively small amounts of foreign currency. In everyday life it is the same as the difference between wholesale and retail prices. The rates shown in financial newspapers and in broadcast media are usually the interbank rates.

11 ERN to CAD exchange rates FAQs

What is 11 ERN to CAD?

The meaning of 11 ERN to CAD is to exchange 11 Eritrean Nakfa to Canadian Dollar by applying the latest currency rate on the market. The actual exchange rates you can get vary between different bureau de changes. Forex.gg is offering inter-market exchange rates to convert 11 ERN to CAD on the chart below.

Who can exchange 11 ERN to CAD?

Anyone with 11 Eritrean Nakfa can find a local bank or a bureau de change to convert into Eritrean Nakfa. However, if neither ERN nor CAD is the local currency. It might be quite difficult to find a local broker to faciliate the exchange. That's why Forex.gg is offering details about local forex brokers to save the time of searching around for the right broker.

When to exchange 11 ERN to CAD?

Due to the nature of the forex market, the exchange rates for 11 ERN to CAD is changing all the time in New York between 01:00 pm – 10:00 pm GMT; at 10:00 pm GMT Sydney comes online; Tokyo opens at 00:00 am and closes at 9:00 am GMT; and to complete the loop, London opens at 8:00 am and closes at 05:00 pm GMT. So the currency rate you see in this page may change any minute. It's better to lock in the exchange rates with your local broker so that you won't be affected for any future rate changes.

Why do I want to convert 11 ERN to CAD?

Most likely you are traveling and want to get some Canadian Dollar cash. Or you've just came back from a recent trip or received cash transfer from overseas. There are many reasons to convert 11 Eritrean Nakfa to Canadian Dollar. And we believe you should be getting the best exchange rate available on the market to exchange the currency.

Where to convert 11 ERN to CAD?

Usually you can find a local bank, post office or bureau de change to exchange 11 ERN to CAD. But you will soon find out that the exchange rates you can find at all thoses places vary by a lot. It's better to be prepared before hand and do your research about the local forex brokers. That's the exact reason why Forex.gg is doing the homework for you to find the best local bureau de change to avoid being ripped off. All you need to do is input the amount of Canadian Dollar you wnat to buy or sell and we will show you where to find the best rate. No forex exchange commissions or fees required!

How to exchange 11 ERN to CAD?

Use the tool we provided here to find the best exchange rates for 11 Eritrean Nakfa to Canadian Dollar. Lock in the rate by contacting the broker directly by phone or message. And go to the branch with 11 ERN in hand and exchange the cash you want in store or online. It's just that simple with no fees or commissions from Forex.gg!

11 ERN to CAD exchange rates table

Exchange ERN to CAD
11 Eritrean Nakfa = 0.981 Canadian Dollar
22 Eritrean Nakfa = 1.961 Canadian Dollar
55 Eritrean Nakfa = 4.903 Canadian Dollar
110 Eritrean Nakfa = 9.806 Canadian Dollar
Exchange Eritrean Nakfa to Canadian Dollar
11 Eritrean Nakfa to Canadian Dollar Cross rate – This is the rate we give to customers who want to exchange currencies that do not involve the local currency. For example, if you want to exchange Australian dollars into US dollars.

11 ERN to CAD news tweets

11 ERN to CAD added 1 tweet
2019-04-20 21:15:03 UTC
The founders of EPLF, the commanders, the people who planned the liberation of Asmera, Afabet, Massawa, Asseb, Bare… https://t.co/xJiRs1JIJb
11 ERN to CAD added 1 tweet
2019-04-20 22:54:05 UTC
RT @Wokerti: The founders of EPLF, the commanders, the people who planned the liberation of Asmera, Afabet, Massawa, Asseb, Bare… https://t.co/xJiRs1JIJb
11 ERN to CAD added 1 tweet
2019-04-20 22:57:48 UTC
RT @Wokerti: The founders of EPLF, the commanders, the people who planned the liberation of Asmera, Afabet, Massawa, Asseb, Bare… https://t.co/xJiRs1JIJb
11 ERN to CAD added 1 tweet
2019-04-21 00:25:11 UTC
RT @Wokerti: The founders of EPLF, the commanders, the people who planned the liberation of Asmera, Afabet, Massawa, Asseb, Bare… https://t.co/xJiRs1JIJb
11 ERN to CAD added 1 tweet
2019-04-21 00:35:44 UTC
RT @Wokerti: The founders of EPLF, the commanders, the people who planned the liberation of Asmera, Afabet, Massawa, Asseb, Bare… https://t.co/xJiRs1JIJb
11 ERN to CAD added 1 tweet
2019-04-20 02:47:55 UTC
https://t.co/vbq7YHA3if
11 ERN to CAD added 1 tweet
2019-04-20 03:00:13 UTC
New Canadian one-dollar coin honouring LGBT rights to be unveiled https://t.co/Dv5tEetlHg #Canada #LGBT… https://t.co/5bJrhYyAvi
11 ERN to CAD added 1 tweet
2019-04-20 03:03:47 UTC
RT @THEPEAK: This is so cool. [email protected] https://t.co/ukVmx08pD8
11 ERN to CAD added 1 tweet
2019-04-20 03:03:54 UTC
@mamoonfart Luh Hindi ah. Not Canadian dollar😂. Baka US pwede pa😂
11 ERN to CAD added 1 tweet
2019-04-20 03:03:59 UTC
Justin Trudeau Increases Canadian's Personal Debt To HIGHEST LEVEL In History If Canadians are surprised, they shou… https://t.co/jAY2Y6FTPZ

11 ERN to CAD news media

11 ERN to CAD added 1 medium
2014-10-09T18:37:51+02:00
Coin-A-Day #41 10 Cents, Eritrea. 1997. Forty First day of the Coun-A-Day series brings a coin from a rarer country, unheard to many; Eritrea. Situated at the Horn Of Africa, and always surrounded with issues on or the another. As they say Liberty-Equality-Justice. With soldiers and a flag on the Head, an Ostrich on the Tail. #10Cents #Cents10 #Eritrea #1997 #StateOfEritrea #HornOfAfrica #AfricaHorn #Soldiers #Flag #LibertyEqualityJustice #Liberty #Equality #Justice #RareCountry #RareCoin #Ostrich #TenCents #EritreanCoin #EritreanNakfa #Nakfa #ERN #Series #Day41 #Coin #Numismatics #Numismatist #CoinCollector #FlagOff #Kaushalistic
11 ERN to CAD added 1 medium
2015-08-14T14:18:04+02:00
New addition to my collection Lebanese Pound/ Lebanese Lira/ Livre, Mozambican Metical, Uzbekistani Som, Russian Ruble, Eritrean Nakfa #lebanesepound #mozambicanmetical #uzbekistanisom #russianruble #eritreannakfa #lebanon #mozambique #uzbekistan #russia #eritrea #collection #currencynotes #hobby
11 ERN to CAD added 1 medium
2015-08-14T14:21:24+02:00
Eritrean Nakfa #eritreannakfa #eritrea #africa #africanunion
11 ERN to CAD added 1 medium
2016-10-14T10:27:29+02:00
100 Eritrean Nakfa, 2011. Fragment in infrared light (870 nm) The fragment depicts portraits of young women. https://regulaforensics.com/en/products/information_reference_systems_software/SDU/ #Regula #regulaforensics #EritreanNakfa #Nakfa #Eritrea #banknote #currency #securityfeature #infrared #portrait #youngwoman #woman #girl #composition #IR #prettywoman #fashion
11 ERN to CAD added 1 medium
2017-05-20T13:21:57+02:00
Kolleksiyama xoş gəldiniz... #bangladeshtaka #eritreannakfa #tabagodollar #congofrancs #malawiankwacha #indonesianrupiah #hondurasianlempira #mongoliantoqroq #nigeriannaira #combodianriel #serbiandinar #gambiadalasi #bhutanianngultrum #moneycollection #money💰
11 ERN to CAD added 1 medium
2019-04-18T21:32:29+02:00
I know many of you love @vermontnutfree chocolate. We do carry several of their items and they are very popular. We will be ordering again soon and wanted to ask YOU what items you’d like us to bring in? and go... #peanutfree #treenutfree #nutfree #chocolate #nutfreechocolate #delicious #whatdoyouwant #wewantyouropinion #orderingsoon #allergyfriendly #canadiandollar #yummy #foodallergy #peanutallergy #treenutallergy #nutallergy
11 ERN to CAD added 1 medium
2019-04-17T09:35:43+02:00
Beautiful 10 Canadian Dollars bill. #canadiandollar
11 ERN to CAD added 1 medium
2019-04-17T13:23:14+02:00
#EurCad Short on 1hr time frame - #fx #forex #forexsignals #fxsignals #investing #cryptocurrency #bitcoin #euro #eur #cad #canadiandollar #oil #wti #forextrader #forextrading #currency #tradesignals #forexlifestyle #makemoney #makemoneyonline #forexeducation #forexanalysis #forexstrategy #forexmentor
11 ERN to CAD added 1 medium
2019-04-17T17:38:13+02:00
#ourqueen #queen #canada #hello #helloqueen #economy #elizabeth #hermajesty #longlive #canadiandollar #yyz #toni #2 #two #twodollars #realtorlife #amerrao #dawndotcom #currency #flip #moneymatters #instagram #coin #gold #silver
11 ERN to CAD added 1 medium
2019-04-16T13:21:54+02:00
So today, finally, I'm leaving ten days in Canada !! Money is ready, I'm taking a flight in Paris and Montréal here I come ! 😁 To all of you, if you have some advise to give me, for places to visit or anything else, please do not hesitate 😚 #canada #canadian #canadians #dollars #dollar #canadiandollar #travel #travelling #holidays #holiday #flight #paris #montreal #britishairways #voyage #avion #french #firsttime #airport

11 ERN to CAD news videos

Right before the The Third and last Congress of the EPLF was held in 1994 in Asmara; the names of the Martyrs was broadcast ...
ገዲም ተጋዳልይ ጀማል ናቅፋ። Long time Hero Tegadali Jemal Nakfa.
The future African currency, from the model nation of the African countries. ERITREA.
Why a NAFTA deal is closer than many think and why the Canadian dollar could be headed higher.LET'S CONNECT! Facebook ...
Canada's plastic money is stumping counterfeiters. The RCMP estimate the number of fake bills passed on to retailers in 2015 ...
नमस्कार दोस्तों आज इस विडियो में कनाडा में भारत के 1 रुपए कि वैल्यू क्या है...
Look at the innovative security features and design of the new $100 polymer note.
I am not sure why anyone would be upset about this, but there seems to be a few at least who don't like the new bill. It just reminds ...

11 ERN to CAD news texts

Zimbabwe election race tightens: Poll

HARARE — Emmerson Mnangagwa has only a narrow lead over opposition leader Nelson Chamisa ahead of Zimbabwe’s landmark elections on July 30, according to a poll released on Friday.

3 months conditional neutral
Eritrea Has Failed to Realize Its Revolutionary Dream

Once a revolution is over, how do you judge its success? Twenty years ago, Eritrea—in the northeast of Africa—became a legally independent nation, having won its de-facto independence from Ethiopia two years earlier, in 1991. But creating a free and...

5 months conditional neutral
'I was euphoric': Eritrea's joy becomes Ethiopia's burden amid huge exodus

As a sevenfold increase in the number of Eritrean refugees arriving in Ethiopia stretches regional resources, fears are growing that the border may close again

6 months indicative negative
The peace deal with Ethiopia has not changed Afwerki's Eritrea

If anything, it has actually strengthened his regime.

6 months conditional positive
Major currency up

Uniindia: Mumbai, Mar 9 (UNI) Following were the indicative currency rates and travellers'' cheques buying and selling rates per unit.

about 1 month indicative neutral

11 ERN to CAD currency converter

11 ERN to CAD exchange rates

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3900 USD to IDR
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100 AMD to LTL
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100 EUR to BDT
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100 RUB to INR
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100 KES to GBP
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100 RUB to AZN
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500 INR to FJD
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1 MAD to BGN
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100 GBP to EUR
Beijing, People’s Republic of China.
100 AMD to LTL
Chelyabinsk, Russian Federation.
500 INR to FJD
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5 USD to PKR
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100 USD to PKR
Lahore, Islamic Republic of Pakistan.