Bank of Eritrea

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Bank of Eritrea
HeadquartersAsmara, Maekel, Eritrea
GovernorKibreab Woldemariam (acting)[1]
Central bank ofEritrea
CurrencyEritrean Nakfa
ERN (ISO 4217)

The Bank of Eritrea is the central bank of Eritrea. The bank is located in Asmara, the capital. The central bank is interested in encouraging foreign investment and in importing capital goods such as industrial machinery and agricultural equipment.[1] The Central Bank of Eritrea, though a government entity, is independent from the Ministry of Finance; its governor and policy committee formulate and implement policy with input from the Ministry of Finance. Although travellers are permitted to bring foreign currency into the country, all transactions are to be made in Nakfa.[2]

See also[edit]


  1. ^ a b "Eritrea: Entering a New Phase" (PDF). Archived (PDF) from the original on 29 May 2009. Retrieved 2009-05-20.
  2. ^ "Legal Notice 101/2005" (Press release). Ministry of Information. Archived from the original on 2007-12-01. Retrieved 2009-05-20.