Eritrean nakfa

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Eritrean nakfa
Image:Eritrea-1Nakfa.jpg
1 nakfa banknote
ISO 4217 Code ERN
User(s) Eritrea
Inflation 14%
Source The World Factbook, 2006 est.
Pegged with U.S. dollar = 15 nakfa
Subunit
1/100 cent
Symbol Nfk
Coins 1, 5, 10, 25, 50, 100 cents
Banknotes 1, 5, 10, 20, 50, 100 nakfa
Central bank Bank of Eritrea

The nakfa is the currency of Eritrea, divided into 100 cents. Its ISO 4217 code is "ERN". The currency was introduced in 1997 to replace the Ethiopian birr at par.

For an earlier currency of Eritrea, see tallero.

Contents

[edit] Coins

The coinage is made entirely of stainless steel. Each coin has a different reeded edge, instead of consistent reeding for all denominations. Note that the 1 nakfa coin carries the denomination "100 cents".

Coinage denominations:

  • 1 cent
  • 5 cents
  • 10 cents
  • 25 cents
  • 50 cents
  • 100 cents (1 nakfa)

[edit] Banknotes

Banknotes come in denominations of:

  • 1 nakfa
  • 5 nakfa
  • 10 nakfa
  • 20 nakfa
  • 50 nakfa
  • 100 nakfa

There are two issues of banknotes dated 1997 and 2004 [1].

Current ERN exchange rates
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The nakfa has been pegged with the United States dollar at 1 dollar = 15 nakfa since January 1, 2005.

[edit] See also

[edit] References

  1. ^ Nachthund. Update - Eritrea. Retrieved on 2006-07-31.

[edit] External links


Preceded by:
Ethiopian birr
Reason: currency independence
Ratio: at par 		Currency of Eritrea
1997 – 		Succeeded by:
Current
v • d • e
Currencies of Africa
NorthAlgerian dinar · Euro (Plazas de soberanía) · Egyptian pound · Libyan dinar · Mauritanian ouguiya · Moroccan dirham · Sudanese pound · Tunisian dinar
CentralAngolan kwanza · Burundian franc · Central African CFA franc (Cameroon, Central African Republic, Chad, Republic of the Congo, Equatorial Guinea, and Gabon) · Congolese franc · Rwandan franc
WestCape Verdean escudo · Euro (Canary Islands, Madeira) · Gambian dalasi · Ghanaian cedi · Guinean franc · Liberian dollar · Nigerian naira · São Tomé and Príncipe dobra · Sierra Leonean leone · West African CFA franc (Benin, Burkina Faso, Côte d'Ivoire, Guinea-Bissau, Mali, Niger, Senegal, and Togo)
EastComorian franc · Djiboutian franc · Eritrean nakfa · Ethiopian birr · Kenyan shilling · Seychellois rupee · Somali shilling · Somaliland shilling (unrecognized) · Tanzanian shilling · Ugandan shilling
SouthBotswana pula · Euro (Mayotte, Réunion) · Lesotho loti · Malawian kwacha · Malagasy ariary · Mauritian rupee · Mozambican metical · Namibian dollar · Saint Helena pound · South African rand · Swazi lilangeni · Zambian kwacha · Zimbabwean dollar
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ar:ناكفا

ca:Nakfa da:Nakfa de:Nakfa (Währung) el:Νάκφα es:Nakfa fr:Nakfa ko:에리트레아 낙파 bpy:ইরিত্রিয়ান নাকফা it:Nakfa eritreo he:נאקפה lmo:Nakfa Eritreà hu:Eritreai nakfa nl:Nakfa (munteenheid) ja:ナクファ pl:Nakfa (waluta) pt:Nakfa ru:Эритрейская накфа sv:Nakfa zh:厄立特里亚纳克法

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