Friday, 8 September 2017

Eritrea Banknote.

The nakfa is the currency of Eritrea and was introduced on 8 November 1997 to replace the Ethiopian birr at par. 

The nakfa is pegged to the US dollar at a fixed rate of USD$1 = ERN15. Prior to that it was officially pegged at USD$1 = ERN13.50, however black market rates available on the streets typically offered a rate of 22 nakfas per dollar. 

The currency takes its name from the Eritrean town of Nakfa. The nakfa is divided into 100 cents.

1 Nakfa Banknote
1 Nakfa Eritrea Banknote
1 Nakfa Eritrea Banknote
Thanks Agnes!

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