Compare today's ERN to LBP (Eritrean Nakfa to Lebanese Pound) exchange rates
Interbank Exchange Rate: 1 ERN = 5,971.0417 LBP
Updated about an hour ago
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All you need to know about Eritrean Nakfa to Lebanese Pound money transfers
Easily compare money transfer providers in one place to send money from Eritrea to Lebanon. Send money overseas to your loved ones by comparing Eritrean Nakfa (ERN) to Lebanese Pound (LBP) 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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Latest ERN to LBP Conversion Rates
Here are some latest ERN to LBP (Eritrean Nakfa to Lebanese Pound) exchange rates for popular conversion amounts*.
| 1 ERN | 5,971.04 LBP |
| 5 ERN | 29,855.21 LBP |
| 10 ERN | 59,710.42 LBP |
| 25 ERN | 149,276.04 LBP |
| 50 ERN | 298,552.08 LBP |
| 100 ERN | 597,104.17 LBP |
| 150 ERN | 895,656.26 LBP |
| 200 ERN | 1,194,208.34 LBP |
| 250 ERN | 1,492,760.43 LBP |
| 300 ERN | 1,791,312.51 LBP |
| 400 ERN | 2,388,416.68 LBP |
| 500 ERN | 2,985,520.85 LBP |
| 600 ERN | 3,582,625.02 LBP |
| 700 ERN | 4,179,729.19 LBP |
| 800 ERN | 4,776,833.36 LBP |
| 1,000 ERN | 5,971,041.70 LBP |
| 1,500 ERN | 8,956,562.55 LBP |
| 2,000 ERN | 11,942,083.40 LBP |
| 2,500 ERN | 14,927,604.25 LBP |
| 3,000 ERN | 17,913,125.10 LBP |
| 4,000 ERN | 23,884,166.80 LBP |
| 5,000 ERN | 29,855,208.50 LBP |
| 10,000 ERN | 59,710,417.00 LBP |
| 15,000 ERN | 89,565,625.50 LBP |
| 20,000 ERN | 119,420,834.00 LBP |
| 30,000 ERN | 179,131,251.00 LBP |
| 40,000 ERN | 238,841,668.00 LBP |
| 50,000 ERN | 298,552,085.00 LBP |
| 100,000 ERN | 597,104,170.00 LBP |
*Based on the Interbank Exchange Rate. Actual payout may vary based on the chosen money transfer provider.
What's the best way to transfer money from Eritrea to Lebanon?
With the global remittance market booming, there are so many choices for Eritrean Nakfa to LBP 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 Lebanon 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 LBP 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 Lebanon?
Just like the cryptocurrency market, the foreign exchange market is constantly fluctuating. On top of that, there are so many new service providers on the global remittance landscape. This may make it hard for remitters to find the best ways to send money to Lebanon from Eritrea.At RemitFinder, we have tried to solve this exact problem - how to give you access to good choices for your ERN to Lebanese Pound remittances. We do all the hard work to search and compare numerous multi currency banks, foreign exchange services, remittance service providers, etc., to ensure you can use the best possible vehicles to send money overseas.
You can also register for our daily rate alert to stay aware of the latest exchange rates for ERN to LBP remittances. Our rate alert is totally free, and is a great way to save your previous time and make the most of your hard earned money. We do the hard work so you do not have to manually search and compare money transfer companies.
What's the cheapest way for transferring money to Lebanon from Eritrea?
One of the most important things to watch out for is hidden fees when sending money to Lebanon from Eritrea. Most of the time, you will get ripped off if you have no choice, or very few choices. For instance, if you send money to Lebanon using your bank, you are most likely paying high fees. You may also not be getting the best exchange rate on your Lebanese Pound foreign exchange transaction.RemitFinder partners with many money transfer companies that provide you with cheap options to ensure you get the best ERN to Lebanon exchange rate. The more choices you have, the better yield you get. This is because you can get creative with exchange rates and fees to determine the cheapest option for you. For instance, one company may be giving a very high rate but charging a steep fee as well, while another provider may have a slightly lower rate, but 0 fee. All of this also depends on how much amount you send. It is very much possible that as the transaction amount varies, one money transfer operator gives a better return than the other, and vice versa.
Our partners also provide our customers with many offers and promotions. These could be seasonal (around key holidays and festivals) or ongoing. Making use of these deals will further reduce your cost, and help ensure you use the cheapest way to send money to Lebanon from Eritrea.
Should I use my bank to send money from Eritrea to Lebanon?
We do not recommend using your local bank in Eritrea for your next ERN to LBP 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 Lebanon (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 LBP to Lebanon. These companies will let you use your local bank account in Eritrea to pay for your Lebanon 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 from Eritrea to Lebanon fast?
The speed of your Eritrean Nakfa to Lebanese Pound funds transfer will depend on various factors like which provider you use, how you pay for your transaction, how you choose for your recipient to get the funds, etc. You will, therefore, want to compare various options to see which one suits your needs best.We created a comprehensive guide on remittances to help you understand all the factors that come into play when you convert ERN to LBP. Establishing a solid understanding of all the criteria that affect your transaction speed will help you compare various money transfer companies to see which one can provide you with the fastest transaction.
One possible approach that will help you send money fast to Lebanon from Eritrea is to rely on cash as payment as well as delivery method. This would mean paying for your transfer with cash, most likely by walking into your provider's office or agent location. Similarly, your recipient could also pick up cash in Lebanon if they have a pickup location nearby. Dealing with cash on both sides will eliminate bank transfers in the middle which generally take longer as money has to move between banks.
One drawback of cash transfers is the need to go to physical drop off and pickup locations, and the inherent risk involved in carrying cash, especially for larger amounts. Another one is that cash transfers generally involve lower exchange rates as compared to online transfers. If you do not want to handle cash for the aforementioned reasons, the next fastest transfers would be to payout LBP into a mobile wallet, or even do a mobile airtime popup. These methods would be faster than Eritrea bank to Lebanon bank transfer.
Which are the best money transfer companies to transfer money to Lebanon from Eritrea?
The definition of "best" is very personal for everyone. It may even vary from one transaction to the next depending on various factors involved. When it comes to sending money from Eritrea to Lebanon, we can help you in choosing the best provider.There are several key points you would want to check for; these include, but are not limited to, the best Eritrean Nakfa to Lebanese Pound exchange rate, transfer amount limits, transaction fees, transfer speed, variety of payment and delivery methods available, fixed vs indicative rate, and availability of any deals and promotions.
After you see the initial list of remittance companies we present you with, use the above criteria to fine tune your choices. That way, you can see which providers are a better fit for the requirements of your LBP money transfers to Lebanon. Keep an open mind as it is very much possible that different providers suit different transfer scenarios better than others.
Finally, you should definitely take into account any ongoing promotions from these providers. Offers and discounts will lower your cost to make the money transfer and result in your recipient in Lebanon getting more money for every Eritrean Nakfa you send.
Step by step guide to do a money transfer from Eritrea to Lebanon
There are many important aspects of Eritrea to Lebanon remittances that will impact the yield you get. The most important one is the selection of the best money transfer company. For this, you can rely on RemitFinder's expertise in searching and comparing many global companies to present you many options in one simple, easy to understand view.Once you have honed down on the company you want to go with, the below step by step tutorial will help you execute your transfer in an effective manner.
- Step 1 - Create your account with the chosen remittance company. Please be aware that you will likely be asked for identification documents and personal information. This is an important step for the company to ensure that you are a genuine person and ensure you comply with various legal regulations like anti money laundering.
- Step 2 - Provision the manner in which you will fund your remittance transaction. The forex company may accept payment in multiple ways - Eritrea bank account, credit and debit cards, and sometimes even cash that you can pay with by walking into a branch or outlet.
- Step 3 - Similar to the previous step, also provision the manner in which the receiver will access the funds. The most common delivery methods include LBP bank deposit, cash pick up in a physical provider location or agent's office, mobile wallet credit and mobile airtime popup.
- Step 4 - Provision recipient details including name and address.
- Step 5 - Decide how much Eritrean Nakfa amount you want to send from Eritrea.
- Step 6 - Optionally, check if there are any deals or promotions going on. You can rely on RemitFinder to provide you this information. Discounts help you save even more, so be sure to use one if available.
- Step 7 - Validate all the information for accuracy and start your transaction.