Eritrean Nakfa

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Eritrean Nakfa

The currency of Eritrea. It was introduced in 1997, replacing the Ethiopian birr. It is issued by the Bank of Eritrea and is pegged to the U.S. dollar.
References in periodicals archive ?
However, in 2000, after two years of war with Ethiopia, imports were running at 303bn nakfa compared to a mere 185m nakfa, and the balance of payments was well in the red, as Eritrean spent the country's money on armaments and the war effort.
The students refused to work unless paid higher than the 145 nakfa per month, and started to negotiate.
We import more than 3bn nakfa of goods, and only around 20% comes from Ethiopia.
Misgina Nemariam, Technique Manager at NICE, recalled that the late 18 students and a teacher lost their lives in that tragic accident, and that the Government decided to extend 100 thousand Nakfa each.
JS: You have announced that Eritrea's new currency, the Nakfa, will replace the Birr in 1997.
Moreover, the YPFDJ branch in Frankfurt has extended 15, 800 Nakfa for similar purpose.
Accordingly, there exist a total of 41 village banks in 29 Administrative areas of the three sub-zones, and that around 11 million Nakfa has been extended to customers over the past 8-months for similar purpose.
Moreover, over 60 million Nakfa credit has been extended to farmers so as to motivate agricultural and trade activities, Mr.
The Ministry of Labor and Human Welfare indicated that Eritrean nationals residing in the USA have contributed a total of USD 208,244 and 100,000 Nakfa to Martyrs Trust Fund with a view to patronizing families of fallen heroes.
Shashu Gede, members of the villages development committee, pointed out that a total of 1million Nakfa has been contributed for the realization of the project.
The Agriculture Ministry s branch in Nakfa sub-zone, Northern Red Sea region, indicated that construction of a total of 8 water reservoirs is underway with a view to meeting the water demand in the locality.
Construction of a micro-dam is underway in Gordikh area, Hagaz sub-zone, at a total expenditure of 11million Nakfa and on the basis of a joint venture among the community members, sub-zonal administration, EDF members and members of the People s Army in the locality.