Re: Nakfa holding limits for travelers exiting Eritrea BY SHABAIT Bank of Eritrea has issued Legal Notice No. 129/2017 to limit the amount of Nakfa holdings for travelers exiting Eritrea. The Legal Notice that was issued at the Gazette of Eritrean Laws on 25 October, indicated that the maximum amount, conditions and purpose for which […]
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1- ቀንዲ ዕላማታት ምቕያር ባጤራን ምድራት ምንቅስቓስ ጥረ ገንዘብን፦ 1.1 ብጥረ ገንዘብ ዚግበር ወጻኢታት ምጉዳልን ትውጊታት ብባንካዊ መሳለጥያታት ከምዝኸውን ምግባርን፡ እቲ ዕላማ ብጥረ ገንዘብ ዝግበር ትውጊታት ንምድራት’ምበር፡ ንግዳዊ ይኹን ውልቃዊ ንጥፈታት ንምድራት ኣይኮነን። ብቸክን ካልእ ባንካዊ መሳለጥያታትን ዝግበር ትውጊታት ዝኾነ ገደብ የብሉን።
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By Sophia Tesfamariam, The media and the anti-Eritrea groups and “professional dissidents” must be experiencing a dry spell-the main topic for the flying goats today is the Eritrean currency redemption program. The FUDists-those who insist on spreading Fear, Uncertainty and Doubt about Eritrea and its government have now converted from “human rights” and “democracy” activists […]
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By TesfaNews, The National Bank of Eritrea recently issued a legal notice No. 124/2015 that all Nakfa currency notes in circulation must be exchanged for new government-issued notes. This decision by the country’s central financial institution is expected to have a major positive impact on the economy. The nationwide currency replacement program is not meant […]
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By Shabait, The Bank of Eritrea has issued the timelines and other relevant information for the commencement and termination of redemption of the Nakfa currency notes in circulation in accordance with Article 3 (1) of Legal Notice no.124/2015. According to the Bank’s announcement, the redemption program will commence on 18 November and continue until December […]
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By TesfaNews, The National Bank of Eritrea issued a legal notice No. 124/2015 to replace all denomination of the existing Nakfa currency notes with a new legal tender Nakfa currency notes. The unprecedented step that aimed at stimulating the economy first by regulating the circulation of the national currency is expected to effectively curb the rampant money […]
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