Tag Archives: New Nakfa Bills

Meet the New Eritrea Nakfa Bank Notes

  • The Nakfa - More than a currency name. It's our national symbol too.

By TesfaNews,

The National Bank of Eritrea recently issued a legal notice No. 124/2015 that all Nakfa currency notes in circulation must be exchanged for new government-issued notes. This decision by the country’s central financial institution is expected to have a major positive impact on the economy.

The nationwide currency replacement program is not meant to change the value of the money, as the exchange will be on a one-to-one basis. Instead, it was aimed at stimulating the economy by regulating circulation of the national currency. Continue reading Meet the New Eritrea Nakfa Bank Notes