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The Eritrean Nakfa (ERN) is the official currency of Eritrea, introduced in 1997 to replace the Ethiopian Birr. Named after the town of Nakfa, the currency serves as a medium of exchange within the country and is essential for facilitating trade and economic activity in Eritrea.
The Gibraltar Pound (GIP) is the official currency of Gibraltar, a British Overseas Territory located at the southern tip of the Iberian Peninsula. It is pegged to the British Pound Sterling (GBP) at par, meaning one Gibraltar Pound is equal to one British Pound. The GIP is primarily used for everyday transactions within Gibraltar, although the British Pound is also accepted widely.