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 19.844 0.050
Euro 16.994 0.059
Australian Dollar 10.640 0.094
Canadian Dollar 11.227 0.089
Japanese Yen 0.135 7.429
US Dollar 15.000 0.067

Eritrean Nakfa news tweets

Eritrean Nakfa added 1 tweet
2019-03-14 21:36:25 UTC
@1People1Heart @EMINETTI1 They walked away from pro-Isaias lobbyist Herman Cohan’s tweet stating that the Ethiopian… https://t.co/2NgWtHY12D
Eritrean Nakfa added 1 tweet
2019-03-08 21:50:55 UTC
The pictures on our Nakfa are all Eritrean Women because we are the backbones of Eritrea #March8th #Eritrea… https://t.co/fyibKqGraI
Eritrean Nakfa added 1 tweet
2019-02-28 18:02:17 UTC
RT @TravelToEritrea: Eritrean liberation forces skirmish with the Ethiopian army around the bullet scarred town of Nakfa, 10th July 1978… https://t.co/XZZxpOgHId
Eritrean Nakfa added 1 tweet
2019-02-27 20:29:58 UTC
Eritrean liberation forces skirmish with the Ethiopian army around the bullet scarred town of Nakfa, 10th July 1978… https://t.co/XZZxpOgHId
Eritrean Nakfa added 1 tweet
2019-02-26 19:29:05 UTC
@SkyNews When I was an asylum seeker I made it through 26 countries unaided by Soros & didn’t have to save up £5000… https://t.co/AQkmeJA8Md
Eritrean Nakfa added 1 tweet
2019-02-26 23:08:10 UTC
@DeqiWoldeMikel Pathetic figure. Eritrean government and pro-diaspora have been financing and mobilizing finance… https://t.co/gPE0LG23j7
Eritrean Nakfa added 1 tweet
2019-02-09 17:29:03 UTC
@ermias37794293 @BereAlem @semaetatina @EritreaTweet @Salem_Shikorina Prove it. Has government done any economic im… https://t.co/RvxiqvkV5o
Eritrean Nakfa added 1 tweet
2019-02-14 08:24:24 UTC
Business boom on #Ethiopia and #Eritrea border amid brisk #Ethiopia #Birr and #Eritrean #Nakfa currency exchanges.… https://t.co/wWq3hD3Cg6
Eritrean Nakfa added 1 tweet
2019-02-14 08:54:27 UTC
Reopening of #Ethiopia-#Eritrea borders creates business boom .Core observation of the reopening being the exchange… https://t.co/GnUaNRAdO6

Eritrean Nakfa news media

Eritrean Nakfa added 1 medium
2014-10-09T18:37:51+02:00
Coin-A-Day #41 10 Cents, Eritrea. 1997. Forty First day of the Coun-A-Day series brings a coin from a rarer country, unheard to many; Eritrea. Situated at the Horn Of Africa, and always surrounded with issues on or the another. As they say Liberty-Equality-Justice. With soldiers and a flag on the Head, an Ostrich on the Tail. #10Cents #Cents10 #Eritrea #1997 #StateOfEritrea #HornOfAfrica #AfricaHorn #Soldiers #Flag #LibertyEqualityJustice #Liberty #Equality #Justice #RareCountry #RareCoin #Ostrich #TenCents #EritreanCoin #EritreanNakfa #Nakfa #ERN #Series #Day41 #Coin #Numismatics #Numismatist #CoinCollector #FlagOff #Kaushalistic
Eritrean Nakfa added 1 medium
2015-08-14T14:18:04+02:00
New addition to my collection Lebanese Pound/ Lebanese Lira/ Livre, Mozambican Metical, Uzbekistani Som, Russian Ruble, Eritrean Nakfa #lebanesepound #mozambicanmetical #uzbekistanisom #russianruble #eritreannakfa #lebanon #mozambique #uzbekistan #russia #eritrea #collection #currencynotes #hobby
Eritrean Nakfa added 1 medium
2015-08-14T14:21:24+02:00
Eritrean Nakfa #eritreannakfa #eritrea #africa #africanunion
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 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 news videos

Right before the The Third and last Congress of the EPLF was held in 1994 in Asmara; the names of the Martyrs was broadcast ...
ገዲም ተጋዳልይ ጀማል ናቅፋ። Long time Hero Tegadali Jemal Nakfa.
The future African currency, from the model nation of the African countries. ERITREA.
Eri-TV: Fidel Pe Trenches Nakfa Eritrea. subscribe for more ♥♥♥ Eritrean music♬♬♬ eritrrean comedy eritrean movie. eritrean ...
I created this video with the YouTube Video Editor (http://www.youtube.com/editor)
State of #Eritrea One #Nakfa currency or banknote issued on 24-05-1997. The main theme of #Eritrean note is culture, education ...
Eritrean Movie Documentary Nadew Ezi.

Eritrean Nakfa news texts

Zimbabwe election race tightens: Poll

HARARE — Emmerson Mnangagwa has only a narrow lead over opposition leader Nelson Chamisa ahead of Zimbabwe’s landmark elections on July 30, according to a poll released on Friday.

2 months conditional neutral
Eritrea Has Failed to Realize Its Revolutionary Dream

Once a revolution is over, how do you judge its success? Twenty years ago, Eritrea—in the northeast of Africa—became a legally independent nation, having won its de-facto independence from Ethiopia two years earlier, in 1991. But creating a free and...

4 months conditional 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

5 months indicative negative
The peace deal with Ethiopia has not changed Afwerki's Eritrea

If anything, it has actually strengthened his regime.

5 months conditional positive
The Soccer-Star Refugees of Eritrea
The Soccer-Star Refugees of Eritrea

Athletes from the national team plan a mass defection.

over 1 year indicative neutral

ERN currency converter

ERN exchange rates

100 KWD to INR
As Sālimīyah, State of Kuwait.
1375 EUR to TWD
Jiayi Shi, Taiwan.
100 AMD to LTL
Yerevan, Republic of Armenia.
100 QAR to INR
Doha, State of Qatar.
100 HKD to PHP
Central, Hong Kong Special Administrative Region.
100 QAR to INR
Doha, State of Qatar.
100 KWD to INR
Kuwait City, State of Kuwait.
1 PHP to JPY
Malolos, Republic of the Philippines.
1 PHP to JPY
Malolos, Republic of the Philippines.
100 AMD to LTL
Ddmashen, Republic of Armenia.
100 AMD to LTL
Ddmashen, Republic of Armenia.
10 HKD to VND
Ho Chi Minh City, Socialist Republic of Vietnam.
100 USD to PHP
Mumbai, Republic of India.
100 SGD to PHP
Singapore, Republic of Singapore.
500 AED to KES
Dubai, United Arab Emirates.
500 RUB to EUR
Marília, Federative Republic of Brazil.
100 JPY to PHP
Quezon City, Republic of the Philippines.
100 KWD to INR
Kuwait City, State of Kuwait.
1 RUB to AZN
Moscow, Russian Federation.
1 RUB to AZN
Moscow, Russian Federation.