Historical Events tagged with "birr"
Turns out history loves a label—battles, breakthroughs, and the occasional disaster, all neatly tagged for your browsing pleasure. Because sometimes you just need every weird invention in one place.
Economics & Industry
Eritrea adopts the nakfa as its currency
November 8th, 1997 27 years ago
Eritrea introduced the nakfa as its currency to replace the Ethiopian birr. The decision came in the context of establishing a national identity following its independence from Ethiopia in 1993. The new currency was named after a local coin called the 'nakfa' and was symbolized by the code ERN. This move aimed to strengthen Eritrea's economic sovereignty and facilitate trade within the new nation.
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