ERN to MKD

ERN - Eritrean Nakfa (Nfk)
MKD - Macedonian Denar (ден)
1 ERN1 MKD

Currency conversion rates from ERN to MKD

ERNMKD
1 ERN1 MKD
5 ERN5 MKD
10 ERN10 MKD
20 ERN20 MKD
50 ERN50 MKD
100 ERN100 MKD
250 ERN250 MKD
500 ERN500 MKD
1000 ERN1000 MKD
2000 ERN2000 MKD
5000 ERN5000 MKD
10000 ERN10000 MKD
MKDERN
1 MKD1 ERN
5 MKD5 ERN
10 MKD10 ERN
20 MKD20 ERN
50 MKD50 ERN
100 MKD100 ERN
250 MKD250 ERN
500 MKD500 ERN
1000 MKD1000 ERN
2000 MKD2000 ERN
5000 MKD5000 ERN
10000 MKD10000 ERN

ERN - Eritrean Nakfa (ERN)

Eritrean Nakfa

The Eritrean Nakfa is the currency in Eritrea (ER, ERI). The symbol for ERN can be written Nfa. The Eritrean Nakfa is divided into 100 cents. The exchange rate for the Eritrean Nakfa was last updated on May 24, 2019 from Yahoo Finance. The ERN conversion factor has 4 significant digits.

More information about ERN - Eritrean Nakfa (ERN)


MKD - Macedonian Denar (ден)

Macedonian Denar

The Macedonian Denar is the official currency of the former Yugoslav Republic of Macedonia. The exchange rate of the Denar is based on the demand and supply of foreign trade. Money supply and interest rates are dictated by the exchange rate, which is 61 Denars = 1 Euro. With this exchange rate target, Macedonia’s Central Bank has maintained a steady exchange rate for the Denar against the Euro.

The Macedonia Denar is the currency in Macedonia (The Former Yugoslav Republic, MK, MKD). The symbol for MKD can be written MKD. The Macedonia Denar is divided into 100 deni. The exchange rate for the Macedonia Denar was last updated on May 24, 2019 from Yahoo Finance. The MKD conversion factor has 4 significant digits.

Economy

  • Macedonia’s economy is currently based on exports of its gas, oil, and machinery.
  • Macedonia was considered the least developed of the Yugoslavia Republic states when they became independent in September 1991. Its goods and services had contributed only 5% of the national output.
  • The separation from Yugoslavia depressed Macedonia’s protected markets and its transfer of payments from the Yugoslavia government.
  • Macedonia’s economic growth was further delayed until the year 1996, due to UN sanctions on the Federal Republic of Yugoslavia and Greek economic restrictions.
  • Worker payments and foreign assistance lessened instability during the recovery period. Macedonia’s GDP growth reached 5% in 2000.

History

  • On April 26, 1992 the Macedonian Denar was introduced to replace the Yugoslav Dinar at par.
  • On May 5, 1993 a new Macedonian Denar was issued; 1 new Denar = 100 old Denar.

More information about MKD - Macedonian Denar (ден)