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.

Swedish Krona

Swedish Krona

The krona (Swedish: [²kruːna]; plural: kronor; sign: kr; code: SEK) has been the currency of Sweden since 1873. Both the ISO code "SEK" and currency sign "kr" are in common use; the former precedes or follows the value, the latter usually follows it but, especially in the past, it sometimes preceded the value. In English, the currency is sometimes referred to as the Swedish crown, as krona literally means crown in Swedish. The Swedish krona was the ninth-most traded currency in the world by value in April 2016.One krona is subdivided into 100 öre (singular and plural; when referring to the currency unit itself, however, the de facto plural form is ören). However, all öre coins have been discontinued as of 30 September 2010. Goods can still be priced in öre, but all sums are rounded to the nearest krona when paying with cash.

1 Eritrean Nakfa to Swedish Krona exchange rates chart

1 ERN to SEK exchange rates graph
1 ERN to SEK 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 SEK exchange rates FAQs

What is 1 ERN to SEK?

The meaning of 1 ERN to SEK is to exchange 1 Eritrean Nakfa to Swedish Krona 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 SEK on the chart below.

Who can exchange 1 ERN to SEK?

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 SEK 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 SEK?

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

Most likely you are traveling and want to get some Swedish Krona 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 Swedish Krona. 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 SEK?

Usually you can find a local bank, post office or bureau de change to exchange 1 ERN to SEK. 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 Swedish Krona 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 SEK?

Use the tool we provided here to find the best exchange rates for 1 Eritrean Nakfa to Swedish Krona. 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 SEK exchange rates table

Exchange ERN to SEK
1 Eritrean Nakfa = 0.616 Swedish Krona
2 Eritrean Nakfa = 1.232 Swedish Krona
5 Eritrean Nakfa = 3.081 Swedish Krona
10 Eritrean Nakfa = 6.162 Swedish Krona
Exchange Eritrean Nakfa to Swedish Krona
1 Eritrean Nakfa to Swedish Krona 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 SEK news tweets

1 ERN to SEK 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 SEK 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 SEK 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 SEK 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 SEK 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 SEK added 1 tweet
2019-03-19 01:52:12 UTC
RT @SocialM85897394: The EU is a massive success! > Paris on fire, France fighting itself > Hungary ring fenced by barbed wire > Channe… https://t.co/SM0NsOargV
1 ERN to SEK added 1 tweet
2019-03-19 02:17:17 UTC
RT @SocialM85897394: The EU is a massive success! > Paris on fire, France fighting itself > Hungary ring fenced by barbed wire > Channe… https://t.co/SM0NsOargV
1 ERN to SEK added 1 tweet
2019-03-19 02:30:11 UTC
RT @SocialM85897394: The EU is a massive success! > Paris on fire, France fighting itself > Hungary ring fenced by barbed wire > Channe… https://t.co/SM0NsOargV
1 ERN to SEK added 1 tweet
2019-03-19 02:41:17 UTC
RT @SocialM85897394: The EU is a massive success! > Paris on fire, France fighting itself > Hungary ring fenced by barbed wire > Channe… https://t.co/SM0NsOargV
1 ERN to SEK added 1 tweet
2019-03-19 02:55:33 UTC
RT @SocialM85897394: The EU is a massive success! > Paris on fire, France fighting itself > Hungary ring fenced by barbed wire > Channe… https://t.co/SM0NsOargV

1 ERN to SEK news media

1 ERN to SEK 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 SEK 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 SEK added 1 medium
2015-08-14T14:21:24+02:00
Eritrean Nakfa #eritreannakfa #eritrea #africa #africanunion
1 ERN to SEK 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 SEK 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 SEK added 1 medium
2019-03-19T14:44:26+01:00
#longtimeago#swedishkrona#usdollars
1 ERN to SEK added 1 medium
2019-03-11T09:19:30+01:00
New currency for me, beautiful lady on the notes #swedishkrona
1 ERN to SEK added 1 medium
2018-04-25T12:13:44+02:00
#coinsoftheworld Creo que me faltan muchas 😭😭 #euro #danishkrone #swedishkrona #dollar #sol #swissfranc #britishpound
1 ERN to SEK added 1 medium
2019-03-08T09:13:35+01:00
Друзья, сегодня поговорим об IKEA! Многие из нас пользуются товарами из IKEA, но не все знают историю компании, я думаю:) Компания имеет шведские корни, т.к. ее основателем был Ингвар Кампрад🇸🇪. . Ингвар начал торговать, когда ему исполнилось 5 лет, он покупал спички оптом в Стокгольме и продавал их в своей небольшой деревне в розницу. Первым покупателем стала его бабушка, которая поощряла юного бизнесмена. Ингвар продолжал торговлю, разносил товары лично и посылал их по почте, тогда это были ручки, карандаши, кошельки, рамки. В 1948 году в ассортименте впервые появилась мебель, а уже в 1958 году открылся первый магазин ИКЕА в Швеции. . Название IKEA расшифровывается как Ingvar Kamprad Elmtaryd Agunnaryd, то есть имя и фамилия основателя и название фермы Эльмтарюд в приходе Агуннарюд, где он родился☝🏼. . Теперь я хочу посетить музей IKEA в Эльмхульте🇸🇪, который был открыт в 2016 году;) . . . #ikea #ikeafamily #ikeahistory #ikea_family #sweden_ikea #sweden #swedishikea #flatlaystyle #flatlaytoday #flatlayjournal #kwiaty #hyggehome #hyggelife #swedishkrona
1 ERN to SEK added 1 medium
2019-03-08T16:55:40+01:00
i would gladly spend thousands in order to buy something with this coin… | | | #poetry #poetrybooks #authorsofinstagram #poetsofinsta #inspiration #selfportraits #creativewriter #womenwhowrite #poemoftheday #poetsofig #prose #poetryislife #wordsthatheal #writingisinspiration #positivethinking #herhighnesspoetry #ifpoetrywereshortstories #chapterpoems #swedishkrona

1 ERN to SEK 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.
Nick Batsford, CEO of Core London is joined by Jeremy Stretch, Head of G10 FX at CIBC. Core Finance is part of Core London, ...
Coin from Sweden 1987.
More links below ▽ This is an affiliate link TO BUY SWEDISH CURRENCY: ...
Thanks for watching this here video "Sweden 20 Kronor Banknote Review". I hope you liked it! If you want to collab or things that ...
The Swedish krona's strength is unlikely to continue and we could soon see quite a pivot downwards. That's according to John ...

1 ERN to SEK 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

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

If anything, it has actually strengthened his regime.

5 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.

10 days indicative neutral

1 ERN to SEK currency converter

1 ERN to SEK exchange rates

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