Eritrea

Eritrea new 10-nakfa note confirmed

Eritrea_BOE_10_nakfa_2012.05.24_B11a_PNL_AA_3125333_f
Eritrea_BOE_10_nakfa_2012.05.24_B11a_PNL_AA_3125333_r

10 nakfa, 24.5.2012. Like BOE B3, but new date, new signature, new color scheme, and windowed security thread on back. Intro: 2014.

When other denominations underwent color changes, they continued the prefixes from the preceding issues. Curiously, this new note reverts back to prefix AA.

Anyone interested in buying one of these notes can contact the contributor by clicking the link below.

Courtesy of Hartmut Fraunhoffer (www.banknoten.de), Dennis Zammit and Alexander Petrov.

Eritrea new 50-nakfa notes confirmed

Eritrea_BOE_50_K_2011.05.24_B9a_PNL_AH_0139802_fEritrea_BOE_50_K_2011.05.24_B9a_PNL_AH_0139802_r
Eritrea_BOE_50_K_2011.05.24_B9a_PNL_AH_0139706_sig

According to a press release dated 16 January 2012 on Sabait.com, the web site of Eritrea’s Ministry of Information, the National Bank of Eritrea has produced new 50- and 100-nakfa (US$3.35 and $6.65, respectively) banknotes. Kibreab Woldemariam, administrator of the bank, said the new 50-nakfa note is already in circulation, and the new 100-nakfa note will be introduced soon.

“Explaining that it is common to change old currency notes with new one, Mr. Kibreab said that the previous currency notes of the same color were creating problem to identify. As a result, the National Bank of Eritrean was obliged to make the change. The Government has been conducting research to print colored currency notes of better color and that the process would be continue as regards other currency notes, he added. Pointing out that the newly circulated currency notes are of the same value with the previous ones, Mr. Kibreab called on the general public to utilize with due caution.”

Anyone interested in buying one of these notes can contact the contributor by clicking the link below. Be sure to say you saw it mentioned on BanknoteNews.com.

Courtesy of Nazir Rahemtulla and Philanote.

Eritrea new 50- and 100-nakfa notes reported

According to a press release dated 16 January 2012 on Sabait.com, the web site of Eritrea’s Ministry of Information, the National Bank of Eritrea has produced new 50- and 100-nakfa (US$3.35 and $6.65, respectively) banknotes. Kibreab Woldemariam, administrator of the bank, said the new 50-nakfa note is already in circulation, and the new 100-nakfa note will be introduced soon.

“Explaining that it is common to change old currency notes with new one, Mr. Kibreab said that the previous currency notes of the same color were creating problem to identify. As a result, the National Bank of Eritrean was obliged to make the change. The Government has been conducting research to print colored currency notes of better color and that the process would be continue as regards other currency notes, he added. Pointing out that the newly circulated currency notes are of the same value with the previous ones, Mr. Kibreab called on the general public to utilize with due caution.”

Additional information and images are requested so that this report can be confirmed.

Courtesy of Nazir Rahemtulla.

Eritrea chapter of The Banknote Book is now available

Eritrea

The Eritrea chapter of The Banknote Book is now available for individual sale at US$0.99, and as a free download to subscribers.

At the time of initial publication, this 4-page catalog covers every note (17 types and varieties, including 9 notes unlisted in the SCWPM) issued by the Bank of Eritrea from 1997 until present day.

Each chapter of The Banknote Book includes detailed descriptions and background information, full-color images, and accurate valuations. The Banknote Book also features:
  • Sharp color images of note’s front and back without overlap
  • Face value or date of demonetization if no longer legal tender
  • Specific identification of all vignette elements
  • Security features described in full
  • Printer imprint reproduced exactly as on note
  • Each date/signature variety assigned an individual letter
  • Variety checkboxes for tracking your collection and want list
  • Red stars highlight the many notes missing from the SCWPM
  • Date reproduced exactly as on note
  • Precise date of introduction noted when known
  • Replacement note information
  • Signature tables, often with names and terms of service
  • Background information for historical and cultural context
  • Details magnified to distinguish between note varieties
  • Bibliographic sources listed for further research

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