Eritrean Nakfa overview

The nakfa (ISO 4217 code: ERN) is the currency of Eritrea and was introduced on 8 November 1997 to replace the Ethiopian birr at par. The currency takes its name from the Eritrean town of Nakfa, site of the first major victory of the Eritrean War of Independence. The nakfa is divided into 100 cents. 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.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 Sudanese human traffickers who had accepted payments in nakfa banknotes in exchange for transporting would-be migrants primarily to Europe. A consequence of this was substantial amounts of the country's currency existed in vast hoardings outside Eritrea. The plan to replace the country's currency was top secret and designed to prevent human traffickers bringing their funds back in time to exchange for the new banknotes. On 1 January 2016 the old nakfa banknotes ceased being recognized as legal tender, rendering external stockpiles of currency worthless.The current series of banknotes is the artwork of an Afro-American banknote designer, Clarence Holbert, and printed by German currency printer Giesecke & Devrient.

1 ERN to USD exchange rates chart

ERN to  exchange rates chart

Eritrean Nakfa exchange rates table

Exchange Eritrean Nakfa Buy ERN Rate Sell ERN Rate
British Pound 18.766 0.053
Euro 16.886 0.059
Australian Dollar 10.555 0.095
Canadian Dollar 11.488 0.087
Japanese Yen 0.139 7.199
US Dollar 15.000 0.067

Eritrean Nakfa news tweets

Eritrean Nakfa added 1 tweet
2019-07-14 17:51:24 UTC
RT @hawelti: From the annals of history: Symbols and Significance of the Nakfa Trenches; by Tigisti Beidu (Northern Red Sea Regi… https://t.co/RjlKYXGYhR
Eritrean Nakfa added 1 tweet
2019-07-13 21:04:56 UTC
RT @hawelti: From the annals of history: Symbols and Significance of the Nakfa Trenches; by Tigisti Beidu (Northern Red Sea Regi… https://t.co/RjlKYXGYhR
Eritrean Nakfa added 1 tweet
2019-07-13 19:59:34 UTC
RT @hawelti: From the annals of history: Symbols and Significance of the Nakfa Trenches; by Tigisti Beidu (Northern Red Sea Regi… https://t.co/RjlKYXGYhR
Eritrean Nakfa added 1 tweet
2019-07-12 10:06:02 UTC
RT @hawelti: From the annals of history: Symbols and Significance of the Nakfa Trenches; by Tigisti Beidu (Northern Red Sea Regi… https://t.co/RjlKYXGYhR
Eritrean Nakfa added 1 tweet
2019-07-10 02:22:23 UTC
RT @alemHabteg: ታሪኽ ጽንዓት ሕድርን ተወፍይነትን "Nakfa is an icon to the Armed Struggle and had witnessed the most historic and arduous milit… https://t.co/bp7in1UqkM
Eritrean Nakfa added 1 tweet
2019-07-09 21:29:08 UTC
RT @alemHabteg: ታሪኽ ጽንዓት ሕድርን ተወፍይነትን "Nakfa is an icon to the Armed Struggle and had witnessed the most historic and arduous milit… https://t.co/bp7in1UqkM
Eritrean Nakfa added 1 tweet
2019-07-09 11:13:24 UTC
RT @alemHabteg: ታሪኽ ጽንዓት ሕድርን ተወፍይነትን "Nakfa is an icon to the Armed Struggle and had witnessed the most historic and arduous milit… https://t.co/bp7in1UqkM
Eritrean Nakfa added 1 tweet
2019-07-06 17:38:48 UTC
@andathawki You think you are more Eritrean than the Lion of Nakfa the masterminded of EPLF revolution who made it… https://t.co/nkLSqJZEil
Eritrean Nakfa added 1 tweet
2019-07-06 17:13:26 UTC
@1People1Heart @ERiTV_Official Mussie, The photographer mentioned the girl in the $5 Eritrean nakfa is terez tadess… https://t.co/T5ajsjifNl

Eritrean Nakfa news media

Eritrean Nakfa added 1 medium
2017-05-20T13:21:57+02:00
Kolleksiyama xoş gəldiniz... #bangladeshtaka #eritreannakfa #tabagodollar #congofrancs #malawiankwacha #indonesianrupiah #hondurasianlempira #mongoliantoqroq #nigeriannaira #combodianriel #serbiandinar #gambiadalasi #bhutanianngultrum #moneycollection #money💰
Eritrean Nakfa added 1 medium
2017-11-16T15:51:45+01:00
#stateoferitrea #eritrea #eritrean #10 #eritreannakfa #3 #eritreanwomen #women #eritreanflag #numis #numismatic #numismatik #numismatica #dinero #dinerodinerodinero #africa #eastafrica #africanlife #africanmoney #investinafrica #investafrica #investinyourself #cashmoney #cashisking #ticket #blunts #moedas #moneyofafrica
Eritrean Nakfa added 1 medium
2016-10-14T10:27:29+02:00
100 Eritrean Nakfa, 2011. Fragment in infrared light (870 nm) The fragment depicts portraits of young women. https://regulaforensics.com/en/products/information_reference_systems_software/SDU/ #Regula #regulaforensics #EritreanNakfa #Nakfa #Eritrea #banknote #currency #securityfeature #infrared #portrait #youngwoman #woman #girl #composition #IR #prettywoman #fashion

Eritrean Nakfa news texts

Mining: Eritrea digs deep for jobs | East & Horn Africa

Eritrea's hobbled economy will get a boost when new gold, copper and zinc mines begin production. Despite the commodity crisis, the government is banking on the sector to provide much-needed jobs.

over 2 years conditional positive
Remembering the Eritrean dream on Independence Day

Unfortunately, there is not much to celebrate on the 26th anniversary of Eritrea's independence.

about 2 years indicative negative
Refugees on the Pass of Death between Italy and France

On the path with young Eritrean refugees hiking from Italy to France along the Cote D'Azure.

almost 2 years indicative positive
‘Cycling is life here’: training with Eritrea's national team – in pictures

On a recent trip to Asmara, Richard Poplak joined riders through the infamously hilly terrain to find out why the sport captures this small country’s heart and soul

almost 2 years conditional neutral
The Soccer-Star Refugees of Eritrea
The Soccer-Star Refugees of Eritrea

Athletes from the national team plan a mass defection.

almost 2 years indicative neutral
'I was euphoric': Eritrea's joy becomes Ethiopia's burden amid huge exodus

As a sevenfold increase in the number of Eritrean refugees arriving in Ethiopia stretches regional resources, fears are growing that the border may close again

9 months indicative negative
With border open, Ethiopia and Eritrea are back in business
With border open, Ethiopia and Eritrea are back in business

With border open, Ethiopia and Eritrea are back in business

9 months conditional negative

ERN currency converter

ERN exchange rates

2000 CZK to SEK
Helsinki, Republic of Finland.
100 EUR to MYR
Kuala Lumpur, Malaysia.
10 JPY to EUR
Yokohama, Japan.
20 ILS to CZK
Tel Aviv, State of Israel.
18 INR to SAR
Dammam, Kingdom of Saudi Arabia.
100 EUR to DZD
Taichung, Taiwan.
10000 INR to GBP
London, United Kingdom of Great Britain and Northern Ireland.
1 EUR to NOK
Vienna, Republic of Austria.
1500 CNY to HKD
Kazan, Russian Federation.
100 CAD to TWD
Stouffville, Canada.
100 SAR to INR
Jeddah, Kingdom of Saudi Arabia.
100 OMR to USD
Kampala, Republic of Uganda.
100 SAR to INR
Jeddah, Kingdom of Saudi Arabia.
100 USD to COP
Miami, United States.
20 XOF to NGN
Almere Stad, Kingdom of the Netherlands.
30 MOP to MNT
Ulan Bator, Mongolia.