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Compare today's ERN to IQD (Eritrean Nakfa to Iraqi Dinar) exchange rates

Eritrea
Iraq
ERN

Interbank Exchange Rate: 1 ERN = 87.2912 IQD
Updated about an hour ago

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All you need to know about Eritrean Nakfa to Iraqi Dinar money transfers

Easily compare money transfer providers in one place to send money from Eritrea to Iraq. Send money overseas to your loved ones by comparing Eritrean Nakfa (ERN) to Iraqi Dinar (IQD) remittance exchange rates. Read remittance service provider reviews and check out deals, promotions and discounts. Transfer online or send cash based on services offered by these providers.

Looking for a different option? You can browse all sending countries on our send money from hub, or view all destinations available when sending money from Eritrea.

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If you need to send international business money transfers and payments, get in touch with us to see how we can help protect your revenue.

Did not find the providers you were looking for? Please reach out to us at info@remitfinder.com, and we will do our best to add them to our platform.


Latest ERN to IQD Conversion Rates

Here are some latest ERN to IQD (Eritrean Nakfa to Iraqi Dinar) exchange rates for popular conversion amounts*.

1 ERN87.29 IQD
5 ERN436.46 IQD
10 ERN872.91 IQD
25 ERN2,182.28 IQD
50 ERN4,364.56 IQD
100 ERN8,729.12 IQD
150 ERN13,093.68 IQD
200 ERN17,458.24 IQD
250 ERN21,822.80 IQD
300 ERN26,187.36 IQD
400 ERN34,916.48 IQD
500 ERN43,645.60 IQD
600 ERN52,374.72 IQD
700 ERN61,103.84 IQD
800 ERN69,832.96 IQD
1,000 ERN87,291.20 IQD
1,500 ERN130,936.80 IQD
2,000 ERN174,582.40 IQD
2,500 ERN218,228.00 IQD
3,000 ERN261,873.60 IQD
4,000 ERN349,164.80 IQD
5,000 ERN436,456.00 IQD
10,000 ERN872,912.00 IQD
15,000 ERN1,309,368.00 IQD
20,000 ERN1,745,824.00 IQD
30,000 ERN2,618,736.00 IQD
40,000 ERN3,491,648.00 IQD
50,000 ERN4,364,560.00 IQD
100,000 ERN8,729,120.00 IQD

*Based on the Interbank Exchange Rate. Actual payout may vary based on the chosen money transfer provider.


What's the best way to do Eritrea to Iraq money transfers?

With the global remittance market booming, there are so many choices for Eritrean Nakfa to IQD money transfers. To make it even more complicated, new Fintech companies keep entering the space, making it harder for remitters to decide which company to choose to send money overseas.

Our money transfer comparison engine does all the hard work for you by searching and comparing numerous companies that specialize in foreign exchange transactions, and picking the best ones for sending money to Iraq from Eritrea. This way, you do not have to manually search and compare these companies which is very time consuming. All remittance companies on our platform are established, secure providers that our expert team has selected.

We also provide you with attractive deals and promotions from our partners; these offers help you further maximize the final IQD amount that your recipient gets. We, along with our partners, work hard to provide you with the best discounts and offers that you can use when you send money internationally.


How to get the best exchange rate for sending money from Eritrea to Iraq?

With ever changing remittance exchange rates, and umpteen new companies and startups to send money abroad coming up, it may seem hard at first to decide when to send money and which company to choose from for your Eritrea to Iraq transfers.

RemitFinder provides a single place to compare many options so you can quickly and easily decide who to go with. Compare various banks, foreign exchange specialists, Fintech startups, remittance service providers, multi currency bank accounts and others in a single view to maximize the return on your ERN to Iraqi Dinar international money transfers.

To help save your precious time and hard earned money, we also created the RemitFinder exchange rate alert. This is a totally free notification that will keep you updated daily on the latest Eritrean Nakfa to Iraqi Dinar exchange rates and ongoing deals and promotions. You can sign up for our rate alert and start saving now.


What's the cheapest way to transfer money from Eritrea to Iraq?

Finding the cheapest way to send money from Eritrea to Iraq might not be that easy given the umpteen choices available. You have to look at various parameters like exchange rates and fees to determine if the cost of one money transfer operator is less than that of another or not.

It may also be tempting to use some of the traditional funds transfer services like foreign currency exchanges or operators located in shopping malls, grocery stores and other local outlets. While you can certainly transfer ERN to IQD via these channels, they may not be the most economical way to send money internationally. Typically, brick and mortar services charge higher fees and may also provide lower rates. All this contributes to making your foreign exchange transfer more expensive.

Online money transfers tend to be more cost effective, and RemitFinder provides you quite a number of good choices to ensure you are able to get optimum Eritrea to Iraq exchange rate. Many of our partners also provide promotions and offers that are exclusive to our customers; availing these will definitely reduce the cost of your foreign exchange transaction further.


Should I use my bank to transfer money from Eritrea to Iraq?

We do not recommend using your local bank in Eritrea for your next ERN to IQD overseas funds transfer. The reason for this is that banks are known to give you worse exchange rates and yet charge high foreign exchange fees. That is a double whammy that will make the transaction much more expensive for you.

That said, there may be circumstances you may want to consider your bank for your international funds transfer. For example, if you need to move a very large sum of money from Eritrea to Iraq (for property purchase, or any such high value transaction), and do not want smaller transactions. In such cases, be sure to carefully inspect all details of the remittance transaction that your bank offers you. You can use the RemitFinder remittance search engine to compare your bank's quote with many other money transfer companies to try to negotiate a better deal with your bank.

Notwithstanding any unique circumstances as above, you will generally save more by relying on online foreign exchange companies for sending IQD to Iraq. These companies will let you use your local bank account in Eritrea to pay for your Iraq money transfer, but will likely save you a lot of money by affording better rates and citing lower foreign exchange transaction fees.


How to send money to Iraq from Eritrea fast?

If you need to convert ERN to IQD as fast as possible, there are definite steps you can take that will help you do so. You could pay for your transfer with cash, as well as have your recipient do a cash pickup for payout - both of these methods will speed up your money transfer.

That said, handling cash could be a safety issue given that both the sender and receiver have to physically carry cash (most agent locations are located in physical stores, malls, and retail outlets which may or may not be in a physically safer area). Additionally, due to the extra costs involved to set up and maintain physical locations, cash transactions tend to get a worse foresign exchange rate (contrasted with online/digital transfers). So, another option to move money quickly from Eritrea to Iraq could be sending it to a mobile wallet. This would entail some slowness compared to cash transfers, but would be more safe.

Apart from the above, there are many other factors that can have an impact on your Eritrean Nakfa to Iraqi Dinar funds transfer speed. To arm you with all the knowledge you need to distinguish faster from slower remittance providers, we crafted a complete guide to remittances; this article touches upon everything you need to know to make the fastest money transfers to Iraq.

With so many choices available, make sure to compare various forex operators that enable you to remit money from Eritrea to Iraq. Once you understand their services and the factors that affect how fast your money can be transferred overseas, you will be able to minimize the time your money is in transit.


Which are the best money transfer companies to send money from Eritrea to Iraq?

Comparing money transfer companies for sending money to Iraq from Eritrea can be challenging, especially given the number of options out there. But, if you are armed with the right knowledge, it will help you make a more informed decision and, therefore, make the most of your hard earned money.

There are various areas you would want to inspect when evaluating these providers to gauge the best fit for sending money overseas to Iraq. How much do you want to send? Some companies deal with only small amounts, while others specialize in larger ones. Are you OK paying a fee for your Eritrean Nakfa to Iraqi Dinar transfer or you will only go with 0 fees? How about exchange rates? Can you send money using non-fixed or indicative rates?

Once you start applying these conditions to the list of choices you see, you can start to eliminate companies that do not match any of your preferences. This will help fine tune the list to a small number. Finally, keep an eye on promotions and discounts as they will help maximize the Iraqi Dinar yield on every Eritrean Nakfa that you send.


Step by step guide to do a money transfer from Eritrea to Iraq

Sending money internationally is very common these days, especially given the large communities of expats living abroad. If you are one of them, and need to send money from Eritrea to Iraq, then please continue to read.

One of the hardest things in the foreign currency transaction world is to find the best company to move your money abroad. There are so many choices to remit funds from Eritrea to Iraq that you may feel a bit lost. This is where RemitFinder comes in. You can relax as we do all the hard work to search and compare numerous money transfer companies for you.

Once you identify your provider of choice, follow the below step by step guide to send money.

  • Provide your name, address, photo ID and other related information as part of the signup process. Forex companies are regulated to ensure that your money is safe, so providing this information ensures compliance laws are adhered to.
  • Provide information about the receiver - name, address and a bank account in Iraq where they can receive monies in Iraqi Dinar.
  • Then, provide details of your Eritrea bank account so you can transfer the funds to the provider to allow them to do the transaction on your behalf.
  • Finally, select the amount you want to transfer, and click Send.
  • The provider will start your transaction, and keep you updated on the progress of your transfer.

Also, keep an eye on any discount or promotional coupon codes as they may help lower the cost of your remittance. The process is quite easy and you can see your ERN travel to another part of the globe.