Eritrean nakfa
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The nakfa is the currency of Eritrea and was introduced on 15 November 1997 to replace the birr at par. The currency takes its name from the Eritrean town of Nakfa, site of the first major victory of
Nakfa banknotes
The back of the five Nakfa bank note with the actual Ficus sycomorus tree shown above it.
Eritrea 1Nakfa
1nakfa
Bank of Eritrea
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The Bank of Eritrea is the central bank of Eritrea. The bank is located in Asmara, the capital. The central bank is interested in encouraging foreign investment and in importing capital goods such as
Eritrean nakfa
…convertible, so black market rates available on the streets typically offered a rate of 15 nakfas per dollar. Between 18 November and 31 December 2015, the Bank of Eritrea began replacement of all nakfa banknotes. The banknote replacement initiative was designed to combat counterfeiting, the informal economy but primarily…
The Bank of Eritrea Building in Asmara