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.

Norwegian Krone

Norwegian Krone

The krone [ˈkruːnə] (sign: kr; code: NOK), plural kroner, is the currency of Norway and its dependent territories. It is subdivided into 100 øre, which exist only electronically since 2012. The name translates into English as crown. The krone was the thirteenth most traded currency in the world by value in April 2010, down three positions from 2007.

1 Eritrean Nakfa to Norwegian Krone exchange rates chart

1 ERN to NOK exchange rates graph
1 ERN to NOK 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.

1 ERN to NOK exchange rates FAQs

What is 1 ERN to NOK?

The meaning of 1 ERN to NOK is to exchange 1 Eritrean Nakfa to Norwegian Krone 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 1 ERN to NOK on the chart below.

Who can exchange 1 ERN to NOK?

Anyone with 1 Eritrean Nakfa can find a local bank or a bureau de change to convert into Eritrean Nakfa. However, if neither ERN nor NOK 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 1 ERN to NOK?

Due to the nature of the forex market, the exchange rates for 1 ERN to NOK 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 1 ERN to NOK?

Most likely you are traveling and want to get some Norwegian Krone cash. Or you've just came back from a recent trip or received cash transfer from overseas. There are many reasons to convert 1 Eritrean Nakfa to Norwegian Krone. And we believe you should be getting the best exchange rate available on the market to exchange the currency.

Where to convert 1 ERN to NOK?

Usually you can find a local bank, post office or bureau de change to exchange 1 ERN to NOK. 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 Norwegian Krone 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 1 ERN to NOK?

Use the tool we provided here to find the best exchange rates for 1 Eritrean Nakfa to Norwegian Krone. Lock in the rate by contacting the broker directly by phone or message. And go to the branch with 1 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!

1 ERN to NOK exchange rates table

Exchange ERN to NOK
1 Eritrean Nakfa = 0.570 Norwegian Krone
2 Eritrean Nakfa = 1.141 Norwegian Krone
5 Eritrean Nakfa = 2.852 Norwegian Krone
10 Eritrean Nakfa = 5.705 Norwegian Krone
Exchange Eritrean Nakfa to Norwegian Krone
1 Eritrean Nakfa to Norwegian Krone 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.

1 ERN to NOK news tweets

1 ERN to NOK added 1 tweet
2019-03-14 21:36:25 UTC
@1People1Heart @EMINETTI1 They walked away from pro-Isaias lobbyist Herman Cohan’s tweet stating that the Ethiopian… https://t.co/2NgWtHY12D
1 ERN to NOK added 1 tweet
2019-03-08 21:50:55 UTC
The pictures on our Nakfa are all Eritrean Women because we are the backbones of Eritrea #March8th #Eritrea… https://t.co/fyibKqGraI
1 ERN to NOK added 1 tweet
2019-02-28 18:02:17 UTC
RT @TravelToEritrea: Eritrean liberation forces skirmish with the Ethiopian army around the bullet scarred town of Nakfa, 10th July 1978… https://t.co/XZZxpOgHId
1 ERN to NOK added 1 tweet
2019-02-27 20:29:58 UTC
Eritrean liberation forces skirmish with the Ethiopian army around the bullet scarred town of Nakfa, 10th July 1978… https://t.co/XZZxpOgHId
1 ERN to NOK added 1 tweet
2019-02-26 19:29:05 UTC
@SkyNews When I was an asylum seeker I made it through 26 countries unaided by Soros & didn’t have to save up £5000… https://t.co/AQkmeJA8Md
1 ERN to NOK added 1 tweet
2019-03-18 08:17:56 UTC
RT @cash_reader: The Norwegian Krone is up-to-date! Feel free to check how the newest 50-krone banknote is recognized by #CashReader… https://t.co/19tHpuVMuc
1 ERN to NOK added 1 tweet
2019-03-18 09:35:47 UTC
The next meeting of the central bank of Norway (Norges bank) will be held on March 21, 2019. Is there a possibility… https://t.co/lWFBPOZHRy
1 ERN to NOK added 1 tweet
2019-03-18 10:30:55 UTC
ノルウェー 正式名称は、ノルウェー王国 ノルウェーの国会が選出した5人委員会では毎年、ノーベル平和賞を選定して授賞している 首都:オスロ ゲルマン人、ケルト人 ノルウェー語 福音ルーテル派85% 立憲君主制 通貨:クローネ(Norwegian krone、kr)
1 ERN to NOK added 1 tweet
2019-03-18 14:35:12 UTC
RT @cash_reader: The Norwegian Krone is up-to-date! Feel free to check how the newest 50-krone banknote is recognized by #CashReader… https://t.co/19tHpuVMuc
1 ERN to NOK added 1 tweet
2019-03-18 14:53:28 UTC
USDNOK Analysis: Is there a possibility for the Norwegian krone to strengthen? https://t.co/8F0hprcVP1 #Forex #FX… https://t.co/YVyPMcEozP

1 ERN to NOK news media

1 ERN to NOK 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
1 ERN to NOK 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
1 ERN to NOK added 1 medium
2015-08-14T14:21:24+02:00
Eritrean Nakfa #eritreannakfa #eritrea #africa #africanunion
1 ERN to NOK 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
1 ERN to NOK 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💰
1 ERN to NOK added 1 medium
2019-03-18T20:58:51+01:00
Norge Krone . . . #norge #norgekrone #norwegian #norwegiankrone #coin #grey #picoftheday #amazing #coincoin #silvercoin #coinart #art #beautiful #creative #followme #followup #alwaysfollowme #norwegianepic #likeforlikes #like4likes
1 ERN to NOK added 1 medium
2019-03-16T15:58:15+01:00
In 1979, Norway issued their first banknote featuring a woman. Camilla Collett (1813-1895) was a writer and is widely considered as Norway’s first feminist activist. She wrote about the constraints of a patriarchal society particularly forced marriages and general social conservatism against women in nineteenth century Norway. Incidentally she replaced her brother and literary rival, Henrik Wergeland, on the 100 kroner note. #numismatics #numismatist #coincollecting #coincollection #worldcurrency #currency #norway #norwegiankrone #100kroner #camillacollett #norwegianmoney
1 ERN to NOK added 1 medium
2019-03-15T15:00:06+01:00
Did you know? Abel was honoured with having his figure and name on the Norwegian "20-kroning" in the year of 2002. This marked the occasion of his 200th anniversary since birth. 💰 Who will win the Abel Prize of 2019? Tune in at www.abelprize.no at March 19th 12:00 (GMT + 1) to find out. #AbelPrize #Math #Mathematics #Nok #Norway #NorwegianKrone
1 ERN to NOK added 1 medium
2019-03-11T15:54:15+01:00
Coffee with clients, discussing the latest trade USDNOK 🇺🇸🇳🇴 trade idea that triggered earlier this morning 🤙🏻...in addition to many other things not strictly trading-related 😳🙌 ⠀⠀⠀⠀⠀⠀⠀⠀⠀⠀⠀⠀ Members in our online trading community were fully briefed about the trade setup in our flagship Market Insider webinar published last Friday 📈🧐 ⠀⠀⠀⠀⠀⠀⠀⠀⠀⠀⠀⠀ ...for everyone else, there’s the YouTube channel: www.youtube.com/thelazytrader ⠀⠀⠀⠀⠀⠀⠀⠀⠀⠀⠀⠀ #fx #thelazytrader #usdnok #crosses #dollar #norwegiankrone #proceaction #forex #currencypairs #traders #traderlifestyle #marketanalysis #youtube #onlinetradingacademy #wealth #foreignexchange
1 ERN to NOK added 1 medium
2019-03-09T11:28:10+01:00
Reino de Noruega - 1983 #ReinodeNoruega #KongeriketNorge #Norge #Noruega #KongeriketNoreg #Noreg #Norggagonagasriika #Norgga #Norway #KingdomofNorway #Nøørjen #Vuona #Norwegian #Noruego #Coronanoruega #Norskkrone #Norsk #krone #øre #kroner #Norwegiankrone #worldcoins #coinscollecting #collector #collectingcoins #1983

1 ERN to NOK 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.
Website: https://tritontrades.com/ Facebook: https://www.facebook.com/tritontrades/ Twitter: https://twitter.com/AlexanderFB89.
At MoneyShow San Francisco, Chris Gaffney: where are opportunities to cash out of US dollar and invest in global markets?
Facebook: https://www.facebook.com/AlexCharting-979365105507508/ Twitter: https://twitter.com/AlexanderFB89 Disclaimer: All ...
Julian Robertson talks about the Norwegian krone (NOK) on CNBC, 24/09-09. The best currency to buy at the moment.

1 ERN to NOK 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.

2 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...

4 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

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

If anything, it has actually strengthened his regime.

4 months conditional positive
Norway calls for $1 trillion fund to sell some oil and gas stocks

The government proposes to divest a reported $7.5 billion worth of shares in oil production, without banning mixed oil majors like Shell and Exxon Mobil

4 days indicative positive
Major currency up

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

9 days indicative neutral

1 ERN to NOK currency converter

1 ERN to NOK exchange rates

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