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About this currency pair
British Pound Sterling (GBP) — a major international currency
The pound sterling is one of the world’s oldest currencies still in use and remains closely associated with UK prices, wages, banking and financial markets. GBP is also important for travel, ecommerce, invoices, investment reporting and comparisons with EUR and USD, especially because London is a major international financial centre.
Eritrean Nakfa (ERN) — the currency of Eritrea
The nakfa was introduced after Eritrea’s independence and is named after the town of Nakfa, a symbol of the independence struggle. The Eritrean Nakfa is used in Eritrea, where it provides the reference for local prices, wages, public payments, bank accounts and invoices. Conversions are commonly used for remittances, import pricing, travel, development projects, commodity trade and comparisons with USD, EUR or regional currencies. For conversion pages, ERN is useful when translating local prices into major reference currencies or comparing historical and current market values.