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.

Israeli Shekel

Israeli Shekel

The Israeli new shekel (Hebrew: שֶׁקֶל חָדָשׁ‎ Sheqel H̱adash; Arabic: شيكل جديد‎ šēkal jadīd; sign: ₪; code: ILS), also known as simply the Israeli shekel and formerly known as the New Israeli Sheqel (NIS), is the currency of Israel and is also used as a legal tender in the Palestinian territories of the West Bank and the Gaza Strip. The new shekel is divided into 100 agora. The new shekel has been in use since 1 January 1986, when it replaced the hyperinflated old shekel at a ratio of 1000:1. The currency sign for the new shekel ⟨ ₪ ⟩ is a combination of the first Hebrew letters of the words shekel (ש) and ẖadash (ח) (new). Alongside the shekel sign, the following abbreviations of NIS, ש"ח‎ and ش.ج‎ are also used commonly to denominate prices.

4 Eritrean Nakfa to Israeli Shekel exchange rates chart

4 ERN to ILS exchange rates graph
4 ERN to ILS 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.

4 ERN to ILS exchange rates FAQs

What is 4 ERN to ILS?

The meaning of 4 ERN to ILS is to exchange 4 Eritrean Nakfa to Israeli Shekel 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 4 ERN to ILS on the chart below.

Who can exchange 4 ERN to ILS?

Anyone with 4 Eritrean Nakfa can find a local bank or a bureau de change to convert into Eritrean Nakfa. However, if neither ERN nor ILS 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 4 ERN to ILS?

Due to the nature of the forex market, the exchange rates for 4 ERN to ILS 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 4 ERN to ILS?

Most likely you are traveling and want to get some Israeli Shekel cash. Or you've just came back from a recent trip or received cash transfer from overseas. There are many reasons to convert 4 Eritrean Nakfa to Israeli Shekel. And we believe you should be getting the best exchange rate available on the market to exchange the currency.

Where to convert 4 ERN to ILS?

Usually you can find a local bank, post office or bureau de change to exchange 4 ERN to ILS. 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 Israeli Shekel 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 4 ERN to ILS?

Use the tool we provided here to find the best exchange rates for 4 Eritrean Nakfa to Israeli Shekel. Lock in the rate by contacting the broker directly by phone or message. And go to the branch with 4 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!

4 ERN to ILS exchange rates table

Exchange ERN to ILS
4 Eritrean Nakfa = 0.968 Israeli Shekel
8 Eritrean Nakfa = 1.936 Israeli Shekel
20 Eritrean Nakfa = 4.839 Israeli Shekel
40 Eritrean Nakfa = 9.678 Israeli Shekel
Exchange Eritrean Nakfa to Israeli Shekel
4 Eritrean Nakfa to Israeli Shekel 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.

4 ERN to ILS news tweets

4 ERN to ILS added 1 tweet
2019-03-22 10:16:39 UTC
"lightening offensive the Eritrean People’s Liberation Front (EPLF) conducted from 19-23 March in 1988 at the Nakfa… https://t.co/N6ZmRO6Zdu
4 ERN to ILS added 1 tweet
2019-03-22 10:53:37 UTC
RT @alemHabteg: "lightening offensive the Eritrean People’s Liberation Front (EPLF) conducted from 19-23 March in 1988 at the Nakfa… https://t.co/N6ZmRO6Zdu
4 ERN to ILS added 1 tweet
2019-03-22 20:44:46 UTC
RT @alemHabteg: "lightening offensive the Eritrean People’s Liberation Front (EPLF) conducted from 19-23 March in 1988 at the Nakfa… https://t.co/N6ZmRO6Zdu
4 ERN to ILS 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
4 ERN to ILS 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
4 ERN to ILS added 1 tweet
2019-03-25 05:32:14 UTC
Check out Coin Israeli Currency Of NIS 1 Source, Money Belongs To Israel One Shekel Silver https://t.co/jXsdJfW96g via @eBay
4 ERN to ILS added 1 tweet
2019-03-25 19:24:16 UTC
Chinese Yuan (USD/CNY) USD/CNY continues on a sell signal, as long as there is no close above 676 Israeli Shekel… https://t.co/uKHhDcG4V6
4 ERN to ILS added 1 tweet
2019-03-21 17:52:24 UTC
RT @lames_pal: 🇵🇸 Palestine || Israeli occupation forces decide to ban firefighter Imad Abdin of access to Al Aqsa mosque for 15 d… https://t.co/w57LA0YUB4
4 ERN to ILS added 1 tweet
2019-03-24 06:56:59 UTC
عندهم.....و.....عندنا Netanyahu: I didn't gain one shekel from German submarines deal Mar 24, 2019 Tel Aviv (dpa) -… https://t.co/bJRyDRQiPJ
4 ERN to ILS added 1 tweet
2019-03-22 13:23:47 UTC
Chinese Yuan (USD/CNY) USD/CNY continues on a sell signal, as long as there is no close above 676 Israeli Shekel… https://t.co/JBD9jlusfn

4 ERN to ILS news media

4 ERN to ILS 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
4 ERN to ILS 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
4 ERN to ILS added 1 medium
2015-08-14T14:21:24+02:00
Eritrean Nakfa #eritreannakfa #eritrea #africa #africanunion
4 ERN to ILS 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
4 ERN to ILS 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💰
4 ERN to ILS added 1 medium
2015-07-17T11:18:50+02:00
#IsraeliShekel #currencies #worldcurrencies 🌏✈️
4 ERN to ILS added 1 medium
2019-03-07T11:35:10+01:00
Ready for Israel✌️❤️💰 60 days to go!!! 🇮🇱😎✈️ #israelvacation #israelishekel #timemustfly #muchneededholiday #firsttimeoverseas #cantwait #60days
4 ERN to ILS added 1 medium
2013-02-19T06:30:06+01:00
And so our collection begins #euro #israelishekel #jordaniandinar #scrapbook #goodies
4 ERN to ILS added 1 medium
2013-04-29T15:57:18+02:00
גולדה גולדה, מה עשו לנו לכסף?!
4 ERN to ILS added 1 medium
2013-08-29T22:31:35+02:00
#200 #100 #money #stacks #ballin #israelishekel #red

4 ERN to ILS 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.
How does the Israeli shekel being so strong affect manufactures who work with US companies, the US Dollar?
Is This The Dark Messiah Hidden On New 100 Shekel? Original Source: https://youtu.be/2AQRi3iA5Mc More: ...
The New Israeli Shekel is a rising star in the global market. Get the full story at- http://www.israel21c.net.
subscribe to our channel https://www.youtube.com/channel/UCiuSoaj-w5d7kjZLTUMthSA Face of Dajjal / Anti Christ is hidden on ...
This video is only for educational purpose. All data has been taken using scientific instruments (like screw gauge, slide caliper ...

4 ERN to ILS 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
Simon Sebag Montefiore on the surprising, racy and revealing letters of history

A new book by acclaimed historian and novelist Simon Sebag Montefiore collects together the intruiging letters of important historical figures.

about 2 months conditional positive
Top 10 Graffiti Pieces In Israel That Took Urban Art To New Levels In 2018 | Design News

In this guest post, Yael Shapira, founder of Alternative Tel Aviv, takes readers into the fascinating world of graffiti and urban art. | NoCamels

3 months indicative positive

4 ERN to ILS currency converter

4 ERN to ILS exchange rates

100 HKD to TWD
Central, Hong Kong Special Administrative Region.
100 CNY to INR
Roubaix, Republic of France.
1000 RUB to AZN
Baku, Republic of Azerbaijan.
100 RUB to AZN
Baku, Republic of Azerbaijan.
1000 RUB to AZN
Baku, Republic of Azerbaijan.
20 MXN to CRC
Ciudad Nezahualcoyotl, Mexico.
100 HKD to VND
Ho Chi Minh City, Socialist Republic of Vietnam.
100 HKD to VND
Ho Chi Minh City, Socialist Republic of Vietnam.
100 HKD to VND
Ho Chi Minh City, Socialist Republic of Vietnam.
100 EUR to SGD
Kirkuk, Republic of Iraq.
50 RSD to TRY
Ho Chi Minh City, Socialist Republic of Vietnam.
100 SGD to PHP
Singapore, Republic of Singapore.
10 USD to EGP
Dudley, United Kingdom of Great Britain and Northern Ireland.
100 MYR to IDR
Moscow, Russian Federation.
1 USD to CAD
Stoney Creek, Canada.
1 USD to CAD
Stoney Creek, Canada.
1 USD to CAD
Stoney Creek, Canada.