The
Eritrean Nakfa (ERN) is the title of the country’s currency.
The currency has been in use since 1998 when it replaced the Ethiopian
Birr following the independence of Eritrea.
Denominations:
One Eritrean Nakfa is equivalent to 100 cents. Coin denominations
exist for 1, 5, 10, 25, 50 and100 cents. Banknotes exist for
1, 5, 10, 20, 50 and 100 Nakfa.
Exchange Rates against major currencies:
At the time of writing (June 2006), 1 $ US was equivalent to
15.00 Eritrean Nakfa, 1 British Sterling Pound was equivalent
to 24.957 Nakfa and 1 Euro was equivalent to 16.99 Nakfa.
