Eritrea
Eritrea new 1-nakfa note (B113) confirmed
14 02, 2016 11:47 Category: Africa
B113 (PNL): 1 nakfa (US$0.05)
Brown, black, and green. Front: Eritrean fighters raising EPLF flag; triptych portrait; camel as registration device. Back: Camel; children studying in outside classroom; bank logo. Windowed security thread with demetalized BANK OF ERITREA. Watermark: Camel head. Printer: Unknown. 130 x 64 mm.
a. 24.5.2015. Sig. 2. Prefix AA. Intro: 18.11.2015.
Courtesy of Claudio Marana.
Eritrea new note family (B113 - B117) confirmed
22 05, 2016 09:34 Category: Africa
According to an article in TesfaNews dated 29 November 2015, the Bank of Eritrea began replacing preceding issues at par with these new notes from 18 November to the end of 2015. During November, individuals and entities could deposit any amount of money in their accounts, but during December, deposits and exchanges were limited to 20,000 nakfa. On 1 January 2016, the old nakfa notes was demonetized. The move was meant to harm black marketeers who hoard large sums of money for informal foreign currency exchange, money laundering, counterfeiting, and contraband purposes.
The 100-nakfa note (B110) had been printed in 2011 but held in storage and released only now in late 2015. All the other notes in this new family are dated 24.5.2015 and begin with AA prefixes, indicating a new family, but the 100-nakfa is dated 24.5.2011 and has prefix AJ - AN.
Courtesy of Thomas Augustsson.
The 100-nakfa note (B110) had been printed in 2011 but held in storage and released only now in late 2015. All the other notes in this new family are dated 24.5.2015 and begin with AA prefixes, indicating a new family, but the 100-nakfa is dated 24.5.2011 and has prefix AJ - AN.
Courtesy of Thomas Augustsson.
Eritrea new currency reported
05 11, 2015 09:03 Category: Africa
According to Legal Notice No. 124/2015 dated 4 November 2015, the Bank of Eritrea plans to replace its currently circulating banknotes at par for a new series of notes. Although it has not yet announced when the change will take place, the currency redemption process will last six weeks. During the first two weeks, individuals and entities may deposit any amount of money in their accounts, but during the last four weeks, deposits and exchanges will be limited to 20,000 nakfa. After six weeks, the old nakfa notes will be demonetized.
Courtesy of Simon G. Tewolde.
Eritrea new 20-nakfa note confirmed
05 06, 2014 09:10 Category: Africa
20 nakfa, 24.5.2012. Like BOE B4, but new color scheme, new date, new signatures, and windowed security thread.
Courtesy of Hartmut Fraunhoffer (www.banknoten.de).
Eritrea new 10-nakfa note confirmed
06 04, 2014 10:00 Category: Africa
10 nakfa, 24.5.2012. Like BOE B3, but new date, new signature, new color scheme, and windowed security thread on back. Intro: 2014.
When other denominations underwent color changes, they continued the prefixes from the preceding issues. Curiously, this new note reverts back to prefix AA.
Courtesy of Hartmut Fraunhoffer (www.banknoten.de), Dennis Zammit and Alexander Petrov.
Eritrea new 50-nakfa notes confirmed
03 04, 2012 08:03 Category: Africa
According to a press release dated 16 January 2012 on Sabait.com, the web site of Eritrea’s Ministry of Information, the National Bank of Eritrea has produced new 50- and 100-nakfa (US$3.35 and $6.65, respectively) banknotes. Kibreab Woldemariam, administrator of the bank, said the new 50-nakfa note is already in circulation, and the new 100-nakfa note will be introduced soon.
“Explaining that it is common to change old currency notes with new one, Mr. Kibreab said that the previous currency notes of the same color were creating problem to identify. As a result, the National Bank of Eritrean was obliged to make the change. The Government has been conducting research to print colored currency notes of better color and that the process would be continue as regards other currency notes, he added. Pointing out that the newly circulated currency notes are of the same value with the previous ones, Mr. Kibreab called on the general public to utilize with due caution.”
Courtesy of Nazir Rahemtulla and Philanote.
Eritrea new 50- and 100-nakfa notes reported
18 01, 2012 13:52 Category: Africa
According to a press release dated 16 January 2012 on Sabait.com, the web site of Eritrea’s Ministry of Information, the National Bank of Eritrea has produced new 50- and 100-nakfa (US$3.35 and $6.65, respectively) banknotes. Kibreab Woldemariam, administrator of the bank, said the new 50-nakfa note is already in circulation, and the new 100-nakfa note will be introduced soon.
“Explaining that it is common to change old currency notes with new one, Mr. Kibreab said that the previous currency notes of the same color were creating problem to identify. As a result, the National Bank of Eritrean was obliged to make the change. The Government has been conducting research to print colored currency notes of better color and that the process would be continue as regards other currency notes, he added. Pointing out that the newly circulated currency notes are of the same value with the previous ones, Mr. Kibreab called on the general public to utilize with due caution.”
Courtesy of Nazir Rahemtulla.
“Explaining that it is common to change old currency notes with new one, Mr. Kibreab said that the previous currency notes of the same color were creating problem to identify. As a result, the National Bank of Eritrean was obliged to make the change. The Government has been conducting research to print colored currency notes of better color and that the process would be continue as regards other currency notes, he added. Pointing out that the newly circulated currency notes are of the same value with the previous ones, Mr. Kibreab called on the general public to utilize with due caution.”
Courtesy of Nazir Rahemtulla.
Eritrea chapter of The Banknote Book is now available
13 05, 2011 09:31 Category: The Banknote Book | Africa
The Eritrea chapter of The Banknote Book is now available for individual sale and as a free download to subscribers.
This 6-page catalog covers notes issued by the Bank of Eritrea from 1997 to present. Revised 22 May 2016.
Each chapter of The Banknote Book includes detailed descriptions and background information, full-color images, and accurate valuations. The Banknote Book also features:
- Sharp color images of note’s front and back without overlap
- Face value or date of demonetization if no longer legal tender
- Specific identification of all vignette elements
- Security features described in full
- Printer imprint reproduced exactly as on note
- Each date/signature variety assigned an individual letter
- Variety checkboxes for tracking your collection and want list
- Date reproduced exactly as on note
- Precise date of introduction noted when known
- Replacement note information
- Signature tables, often with names and terms of service
- Background information for historical and cultural context
- Details magnified to distinguish between note varieties
- Bibliographic sources listed for further research
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