According to an article in TesfaNews dated 29 November 2015, the Bank of Eritrea began replacing preceding issues at par with these new notes from 18 November to the end of 2015. During November, individuals and entities could deposit any amount of money in their accounts, but during December, depositsRead More…
B113 (P13): 1 nakfa (US$0.05) Brown, black, and green. Front: Arabic, English, and Tigrinya text; Eritrean fighters raising EPLF flag; triptych portrait; camel as registration device. Back: English text; camel; children studying in outside classroom; bank logo. Windowed security thread with demetalized BANK OF ERITREA. Watermark: Camel head. Printer: (Unknown).Read More…
According to Legal Notice No. 124/2015 dated 4 November 2015, the Bank of Eritrea plans to replace its currently circulating banknotes at par for a new series of notes. Although it has not yet announced when the change will take place, the currency redemption process will last six weeks. DuringRead More…
B110 (P12): 20 nakfa (demonetized 01.01.2016) Green and orange. Front: Arabic, English, and Tigrinya text; Eritrean fighters raising EPLF flag; triptych portrait; camel as registration device. Back: English text; camel; farmers tending the fields with camel plow and mechanical tractor; bank logo. Holographic stripe. Windowed security thread with demetalized BANKRead More…
B109 (P11): 10 nakfa (demonetized 01.01.2016) Dark brown, orange, and green. Front: Arabic, English, and Tigrinya text; Eritrean fighters raising EPLF flag; triptych portrait; camel as registration device. Back: English text; camel; train on Obel river (also said to be Dogali river) bridge near Massawa; bank logo. Holographic stripe. WindowedRead More…
B111 (P9): 50 nakfa (demonetized 01.01.2016) Green and black. Front: Arabic, English, and Tigrinya text; Eritrean fighters raising EPLF flag; triptych portrait; camel as registration device. Back: English text; camel; ships and freight cranes in port of Assab; bank logo. Holographic stripe. Windowed security thread with demetalized BANK OF ERITREA.Read More…
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 notes. Kibreab Woldemariam, administrator of the bank, said the new 50-nakfa note (B111a) is already in circulation, and the newRead More…