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.

South African Rand

South African Rand

The rand (sign: R; code: ZAR) is the currency of South Africa. The Rand is subdivided into 100 cents (sign: "c"). The ISO 4217 code is ZAR, from Dutch Zuid-Afrikaanse Rand (South African Rand). The Rand is legal tender in the Common Monetary Area between South Africa, Swaziland, Lesotho, and Namibia, although the last three countries do have their own currencies pegged at par with rand. Before 1976, the rand was legal tender in Botswana.

1 Eritrean Nakfa to South African Rand exchange rates chart

1 ERN to ZAR exchange rates graph
1 ERN to ZAR 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 ZAR exchange rates FAQs

What is 1 ERN to ZAR?

The meaning of 1 ERN to ZAR is to exchange 1 Eritrean Nakfa to South African Rand 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 ZAR on the chart below.

Who can exchange 1 ERN to ZAR?

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 ZAR 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 ZAR?

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

Most likely you are traveling and want to get some South African Rand 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 South African Rand. 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 ZAR?

Usually you can find a local bank, post office or bureau de change to exchange 1 ERN to ZAR. 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 South African Rand 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 ZAR?

Use the tool we provided here to find the best exchange rates for 1 Eritrean Nakfa to South African Rand. 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 ZAR exchange rates table

Exchange ERN to ZAR
1 Eritrean Nakfa = 0.937 South African Rand
2 Eritrean Nakfa = 1.874 South African Rand
5 Eritrean Nakfa = 4.685 South African Rand
10 Eritrean Nakfa = 9.369 South African Rand
Exchange Eritrean Nakfa to South African Rand
1 Eritrean Nakfa to South African Rand 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 ZAR news tweets

1 ERN to ZAR 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
1 ERN to ZAR 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
1 ERN to ZAR 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
1 ERN to ZAR 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
1 ERN to ZAR 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
1 ERN to ZAR added 1 tweet
2019-04-20 04:06:41 UTC
Strive Masiyiwa Insists Mnangagwa Must Just Adopt the South African Rand Currency https://t.co/mTic5rMDIO via… https://t.co/6950CKNf5n
1 ERN to ZAR added 1 tweet
2019-04-20 04:20:36 UTC
RT @ZimEye: Strive Masiyiwa Insists Mnangagwa Must Just Adopt the South African Rand Currency https://t.co/mTic5rMDIO via… https://t.co/6950CKNf5n
1 ERN to ZAR added 1 tweet
2019-04-20 04:55:19 UTC
After the bread price almost doubled in Zimbabwe, business tycoon - Strive Masiyiwa of Liquid Telecom, Kwese and Ec… https://t.co/iuF1BAJdt1
1 ERN to ZAR added 1 tweet
2019-04-20 05:14:05 UTC
RT @zimlive: Price all goods in South African rand, Strive Masiyiwa tells Zimbabwe 'The cost structure – labour and goods – in… https://t.co/qRXY1l8Qab
1 ERN to ZAR added 1 tweet
2019-04-20 05:19:05 UTC
RT @ZimEye: Strive Masiyiwa Insists Mnangagwa Must Just Adopt the South African Rand Currency https://t.co/mTic5rMDIO via… https://t.co/6950CKNf5n

1 ERN to ZAR news media

1 ERN to ZAR 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 ZAR 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 ZAR added 1 medium
2015-08-14T14:21:24+02:00
Eritrean Nakfa #eritreannakfa #eritrea #africa #africanunion
1 ERN to ZAR 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 ZAR 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 ZAR added 1 medium
2019-04-12T18:08:57+02:00
New 5 Rand coin . . #photography #canon #macro #macrophotography #coin #rand #money #southafricanrand #mandela #nelsonmandela #copper #lead #2018 #southafrica #southcoast #southcoastphotography
1 ERN to ZAR added 1 medium
2019-04-11T03:00:53+02:00
It’s starting to feel real!!! South African Rands! #TimmRodParty @claireflowers_ @_mattrod #destinationweddingsouthafrica #africansafari #bucketlist #southafrica #southafricanrand #thecolorofmoney #africaiscalling #africaiscallingimustgo
1 ERN to ZAR added 1 medium
2019-04-09T17:28:29+02:00
South african coins for swap #coinswap #southafricanrand #southafricancoins #oldcoin #oldcoins #coincollector #numismatist #numismatica
1 ERN to ZAR added 1 medium
2019-04-08T10:23:15+02:00
#currency #zar #vndVSzar #dongvszar #comparison #compare #vietnamholiday #southafrica #saffasinvietnam #southafricansinnhatrang #saffasinnhatrang #southafricanrand #southafricanrandvsvietnamesedong #myvietnameseholiday #vietnamdong #vietnamdongvssouthafricanrand #vietnam #rand #april2019 #april #southafrican #saffa
1 ERN to ZAR added 1 medium
2019-03-30T16:20:47+01:00
People are earning millions each week and so can you... With a minimum deposit of #300 kick-start your way to financial freedom,,, escape the ordinary and become unique..... #bitcoin #bitcoinmining #returns #riches#youngandrich #wealthy #escape9-5#money #investor #investorlife #winner #cryptocurrency #USA#usdollars #Canada #singaporedollar #dirham #euro #luxurylifestyle #japaneseyen💴 #swissfranc #southafricanrand

1 ERN to ZAR 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.
It's touch and go at the moment. South African growth figures have been on a see saw this year. First quarter growth figures ...
One year for demonetization.. South Africa will use Banned 500 and 1000 Rs note! Yes. Still thinking? Watch this video to get the ...
Josh Sigurdson talks with author and economic analyst John Sneisen about the recent news of the creation of a sovereign wealth ...
LOOK THROUGH MY BOOKS! http://books.themoneygps.com SUPPORT MY WORK: https://www.patreon.com/themoneygps ...
Rainbow nation? Antiapartheid? White farmers fear to have their land confiscated without compensation. [Due to a high volume of ...

1 ERN to ZAR 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
Sasol results boosted by oil price, rand and victory in tax dispute with Sars

The Money Show’s Bruce Whitfield interviews Bongani Nqwababa, joint-CEO at Sasol.

about 2 months indicative positive
Precious metal refiners face new LBMA environmental standard

The London Bullion Market Association (LBMA) has launched a new standard that addresses environmental as well as sustainability issues in gold and silver markets. To do that in a credible way, LBMA has been actively engaging with mining companies and producer nations.

2 months conditional positive

1 ERN to ZAR currency converter

1 ERN to ZAR exchange rates

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