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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 Philippine Peso (PHP) is the official currency of the Philippines, recognized by the symbol '₱'. It is subdivided into 100 centavos and serves as the medium of exchange for goods and services in the country, facilitating trade and economic activities.