Eritrean Nakfa Overview

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.

Eritrean Nakfa to USD Exchange rates Chart

Eritrean Nakfa to USD Exchange rates Chart

Eritrean Nakfa Exchange rates Table

Exchange Eritrean Nakfa You buy ERN You sell ERN
Japanese Yen 0.138 7.252
US Dollar 15.000 0.067
Euro 16.294 0.061
British Pound 18.592 0.054
Canadian Dollar 10.661 0.094
Australian Dollar 9.342 0.107

Eritrean Nakfa Tweets

Eritrean Nakfa added 1 tweet
2020-03-26 01:34:09 UTC
RT @qana_meror: Nakfa. The Eritrean symbol of strength, resilience, perseverance and heroism. Nakfa is the home of the Philosophy… https://t.co/5F2ClQcpUT
Eritrean Nakfa added 1 tweet
2020-03-26 00:17:31 UTC
RT @qana_meror: Nakfa. The Eritrean symbol of strength, resilience, perseverance and heroism. Nakfa is the home of the Philosophy… https://t.co/5F2ClQcpUT
Eritrean Nakfa added 1 tweet
2020-03-25 23:53:27 UTC
RT @qana_meror: Nakfa. The Eritrean symbol of strength, resilience, perseverance and heroism. Nakfa is the home of the Philosophy… https://t.co/5F2ClQcpUT
Eritrean Nakfa added 1 tweet
2020-03-25 23:46:57 UTC
Nakfa. The Eritrean symbol of strength, resilience, perseverance and heroism. Nakfa is the home of the Philosophy… https://t.co/5F2ClQcpUT
Eritrean Nakfa added 1 tweet
2020-03-26 15:10:18 UTC
@WomenOn20s @EritreaTweet Correction, The #Nakfa currency had the same future from its first introduction in 1997.… https://t.co/tGNYjQKIUZ
Eritrean Nakfa added 1 tweet
2020-04-01 17:30:18 UTC
@FILMON58475987 @StainSeb @GhideonMusa Just ask a simple question! #WhereAreThey 👇🏾The founders of EPLF, the comman… https://t.co/s5qUdOPISt
Eritrean Nakfa added 1 tweet
2020-04-03 22:31:27 UTC
RT @qana_meror: The Eritrean Orthodox Tewahdo Church donated 1million Eritrean Nakfa Eritrean Taxi Association 500,000NKF.… https://t.co/XMGXqj39nA
Eritrean Nakfa added 1 tweet
2020-04-03 22:24:19 UTC
RT @qana_meror: The Eritrean Orthodox Tewahdo Church donated 1million Eritrean Nakfa Eritrean Taxi Association 500,000NKF.… https://t.co/XMGXqj39nA
Eritrean Nakfa added 1 tweet
2020-04-03 22:19:23 UTC
The Eritrean Orthodox Tewahdo Church donated 1million Eritrean Nakfa Eritrean Taxi Association 500,000NKF.… https://t.co/XMGXqj39nA

Eritrean Nakfa Videos

The visit aimed to celebrate the New Year 2017 in the Home of Eritrean Hero Ginbar Nakfa.
Eritrean Music 'Nakfa' Zahra Ali.
Eritrean nakfa history part one ተጋዳላይ ስዩም ወልደማርያም ( ግረፒ ) ብኣጋጣሚ ዋዕላ መንእሰያት ታሕሳስ 2011፡ ንድፋዓት ግንባር...
Subscribe: https://www.youtube.com/channel/UChw8IqOsWT3QjvlJcdOLxUw ምሕጽንታ ካብ ናቕፋ!
July 1975 - Eritrea | ኤርትራ 1975 | ارتريا صيف 1975 Escalating war and famine. Army-patrolled streets of Asmara. Food convoys ...
The State of Eritrea is a country in the Horn of Africa in East Africa. It is bordered by Sudan, Ethiopia and Djibouti. The population ...
http://www.eritrea-chat.com - Eritrean Role Model Farmer from Nacfa - Eritrea TV. Eritrea Chat FB Fanpage: ...

Eritrean Nakfa News

25 Years of Struggle Building Socialism in Eritrea; Fighting the Cancer of Corruption

This coming May 24 marks 25 years since a rag-tag afro coifed army of Eritrean rebel fighters drove their captured Ethiopian tanks through the Eritrean c

almost 3 years indicative positive
Remembering the Eritrean dream on Independence Day

Unfortunately, there is not much to celebrate on the 26th anniversary of Eritrea's independence.

almost 3 years indicative negative
Eritrea: Anecdotes of indefinite anarchy

A pastiche of daily encounters illuminating the disfigured Dadaist reality of present-day Eritrea.

almost 3 years indicative neutral
Refugees on the Pass of Death between Italy and France

On the path with young Eritrean refugees hiking from Italy to France along the Cote D'Azure.

over 2 years indicative positive
‘Cycling is life here’: training with Eritrea's national team – in pictures

On a recent trip to Asmara, Richard Poplak joined riders through the infamously hilly terrain to find out why the sport captures this small country’s heart and soul

over 2 years conditional neutral
The peace deal with Ethiopia has not changed Afwerki's Eritrea

If anything, it has actually strengthened his regime.

over 1 year conditional positive
Eritrea: Contribution By Nationals in Diaspora

Eritrean nationals in Diaspora are extending financial supports in support of the effort to contain the spread of corona virus pandemic.

2 days indicative neutral
Eritrea: More Contributions in Support to Contain Spread of COVID-19

Eritrean nationals residing in various countries are extending financial contribution in support of the effort the people and Government of Eritrea are exerting to contain the spread of corona virus.

about 20 hours indicative neutral

Eritrean Nakfa Currency converter

Eritrean Nakfa Exchange rates

2 INR to MYR
George Town, Malaysia.
525000000 USD to ILS
Tel Aviv, State of Israel.
5 JPY to USD
Jeddah, Kingdom of Saudi Arabia.
455 MUR to EUR
Curepipe, Republic of Mauritius.
180000000 INR to USD
Round Rock, United States.
15 INR to CAD
Toronto, Canada.
100 CAD to BDT
Drancy, Republic of France.
99 COP to USD
Cali, Republic of Colombia.
100 EUR to BGN
Elmshorn, Federal Republic of Germany.
1 INR to USD
Indore, Republic of India.
100000 INR to GBP
Hornsey, United Kingdom of Great Britain and Northern Ireland.
100000 INR to GBP
Hornsey, United Kingdom of Great Britain and Northern Ireland.
1000 JPY to PHP
San Andres, Republic of the Philippines.
60000000000 INR to USD
Hyderabad, Republic of India.
100 GEL to AMD
Tbilisi, Georgia.
100 PHP to JPY
Caloocan, Republic of the Philippines.
5 LAK to GBP
Malton, United Kingdom of Great Britain and Northern Ireland.
5 LAK to GBP
Malton, United Kingdom of Great Britain and Northern Ireland.
1 MXN to GBP
Mexico City, Mexico.