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Eritrea Nakfa (ERN)

The Eritrean Nakfa is the official currency of Eritrea, abbreviated as ERN in forex markets. It is named after the town of Nakfa, where the Eritrean independence struggle began.

Example

The ERN trades at a government-fixed rate against the US dollar, but on the parallel market the exchange rate can be significantly different, creating challenges for traders dealing with Eritrean currency.