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.

Eritrean Nakfa to USD Exchange rates Chart

Eritrean Nakfa to USD Exchange rates Chart

Eritrean Nakfa Exchange rates Table

Exchange Eritrean Nakfa You buy ERN You sell ERN
Japanese Yen 0.140 7.164
US Dollar 15.000 0.067
Euro 16.882 0.059
British Pound 18.719 0.053
Canadian Dollar 11.035 0.091
Australian Dollar 10.368 0.096

Eritrean Nakfa Tweets

Eritrean Nakfa added 1 tweet
2020-06-21 20:14:25 UTC
#Eritrea newest star is born. NAKFA Television. With the thousands of satellite TV stations out there, may you be… https://t.co/Fk6pmwlg9F
Eritrean Nakfa added 1 tweet
2020-06-21 12:09:12 UTC
RT @Erihistory: 7.The town of Nakfa faced the first battle in the Eritrean struggle in Sept 1975 8.From 1976-78, Nakfa faced unint… https://t.co/AfTfiTP7Gj
Eritrean Nakfa added 1 tweet
2020-06-21 03:52:59 UTC
RT @Erihistory: 7.The town of Nakfa faced the first battle in the Eritrean struggle in Sept 1975 8.From 1976-78, Nakfa faced unint… https://t.co/AfTfiTP7Gj
Eritrean Nakfa added 1 tweet
2020-06-20 18:05:11 UTC
RT @Erihistory: 7.The town of Nakfa faced the first battle in the Eritrean struggle in Sept 1975 8.From 1976-78, Nakfa faced unint… https://t.co/AfTfiTP7Gj
Eritrean Nakfa added 1 tweet
2020-06-20 18:04:44 UTC
RT @Erihistory: 7.The town of Nakfa faced the first battle in the Eritrean struggle in Sept 1975 8.From 1976-78, Nakfa faced unint… https://t.co/AfTfiTP7Gj
Eritrean Nakfa added 1 tweet
2020-06-20 12:19:29 UTC
RT @Erihistory: 7.The town of Nakfa faced the first battle in the Eritrean struggle in Sept 1975 8.From 1976-78, Nakfa faced unint… https://t.co/AfTfiTP7Gj
Eritrean Nakfa added 1 tweet
2020-06-20 11:27:07 UTC
RT @Erihistory: 7.The town of Nakfa faced the first battle in the Eritrean struggle in Sept 1975 8.From 1976-78, Nakfa faced unint… https://t.co/AfTfiTP7Gj
Eritrean Nakfa added 1 tweet
2020-06-20 10:32:48 UTC
RT @Erihistory: 7.The town of Nakfa faced the first battle in the Eritrean struggle in Sept 1975 8.From 1976-78, Nakfa faced unint… https://t.co/AfTfiTP7Gj
Eritrean Nakfa added 1 tweet
2020-06-20 06:35:40 UTC
7.The town of Nakfa faced the first battle in the Eritrean struggle in Sept 1975 8.From 1976-78, Nakfa faced unint… https://t.co/AfTfiTP7Gj

Eritrean Nakfa Videos

Subscribe: https://www.youtube.com/channel/UChw8IqOsWT3QjvlJcdOLxUw ምሕጽንታ ካብ ናቕፋ!
The Battle of Afabet was fought from March 17 through 20 March 1988 in and around the town of Afabet, as part of the Eritrean ...
The State of Eritrea is a country in the Horn of Africa in East Africa. It is bordered by Sudan, Ethiopia and Djibouti. The population ...
Gallant and heroic fighters liberating Eritrea. Secessionist movement that successfully fought for the creation of an independent ...
https://www.youtube.com/channel/UCbxLlJ3YF0MDJEgLih2hGnQ

Eritrean Nakfa News

25 Years of Struggle Building Socialism in Eritrea; Fighting the Cancer of Corruption

This coming May 24 marks 25 years since a rag-tag afro coifed army of Eritrean rebel fighters drove their captured Ethiopian tanks through the Eritrean c

about 3 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 3 years conditional neutral
Why Ethiopia, Eritrea skirmish is unlikely to spiral into another war

Will the latest Ethiopia-Eritrea conflict spiral into a large-scale military confrontation? The odds are highly unlikely: neither side believes it would gain from such an eventuality.

3 months indicative neutral
VIDEO: Zalambessa… the prosperity road between Ethiopia and Eritrea

Eighteen years after the guns fell silent following Ethiopia's bloody border war with Eritrea, the frontier town of Zalambessa is a quiet, rubble-strewn ou

about 2 months conditional neutral
Eritrea: Anecdotes of indefinite anarchy

A pastiche of daily encounters illuminating the disfigured Dadaist reality of present-day Eritrea.

about 2 months indicative neutral
Eritrea’s ‘city of dreams’ given UNESCO heritage listing

WARSAW: The people of Eritrea have long said their capital Asmara is like no other city in Africa, and on Saturday the UN agreed, designating it a World Heritage site.The proclamation ends a long-running quest by Eritrean authorities to have the city’s unique architecture, which includes an art-deco bowling alley with colored glass windows and a petrol station built to

about 2 months indicative positive
Eritrea: Contribution to Bolster National Fund

Contribution by nationals inside the country to bolster the National Fund to combat COVID-19 pandemic continues.

6 days indicative neutral

Eritrean Nakfa Currency converter