1 nakfa banknote
|ISO 4217 code||ERN|
|Central bank||Bank of Eritrea|
|Source||The World Factbook, 2008 est.|
|Pegged with||U.S. dollar = 10 nakfa|
|Symbol||Nfk (Latin Script) ናቕፋ (Ethiopic Script) نافكا (Arabic Script)|
|Coins||1, 5, 10, 25, 50 cents, 1 nakfa|
|Banknotes||1, 5, 10, 20, 50, 100 nakfa|
Nakfa coins are made entirely of Nickel clad Steel. Each coin has a different reeded edge, instead of consistent reeding for all denominations. The 1 nakfa coin carries the denomination "100 cents". Coin denominations:
- 1 cent
- 5 cents
- 10 cents
- 25 cents
- 50 cents
- 1 nakfa (100 cents)
The nakfa banknotes were designed by Clarence Holbert of the United States Bureau of Engraving and Printing in 1994.
Banknotes come in denominations of:
- 1 nakfa
- 5 nakfa
- 10 nakfa
- 20 nakfa
- 50 nakfa
- 100 nakfa
There are four issues of banknotes. The first issue of all denominations is dated 24.5.1997; the second issue consists of only the 50- and 100-nakfa notes and is dated 24.5.2004; the third issues also consists of only the 50- and 100-nakfa notes and is dated 24.5.2011, and the fourth issues consists of only the 10- and 20-nakfa notes and is dated 24.5.2012. (May 24 is Eritrea's Independence Day).
|Current ERN exchange rates|
|From Google Finance:||AUD CAD CHF EUR GBP HKD JPY USD|
|From Yahoo! Finance:||AUD CAD CHF EUR GBP HKD JPY USD|
|From XE:||AUD CAD CHF EUR GBP HKD JPY USD|
|From OANDA:||AUD CAD CHF EUR GBP HKD JPY USD|
|From fxtop.com:||AUD CAD CHF EUR GBP HKD JPY USD|
The nakfa has pegged with the United States dollar at 1 dollar = 10 nakfa since March 17, 2013, and has been pegged to 15 Nakfa = $1 since January 1, 2005.
This is an increase Nakfa of 66% against the U.S. dollar.
- Linzmayer, Owen (2012). "Eritrea". The Banknote Book. San Francisco, CA: www.BanknoteNews.com.
Reason: currency independence
Ratio: at par
|Currency of Eritrea
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