Eritrean nakfa

The nakfa (ISO 4217 code: ERN) is the currency of Eritrea. It was introduced on 8 November 1997 to replace the Ethiopian birr at par. Named after the town of Nakfa, it is divided into 100 cents.

Coins

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:

Banknotes

The nakfa banknotes were designed by Clarence Holbert of the United States Bureau of Engraving and Printing in 1994.

Banknotes come in denominations of:

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).