Tag Archives: New Nakfa Currency Note

Eritrea: 25 Years of Struggle Building Socialism

Is Eritrea Socialism ?
Eritrea’s Self-reliance program is something virtually unheard of in Africa. It turns down aid in favor of partnership. Although it is one of the most ambitious social and economic experiments currently underway in Africa, the country didn’t get much credit for it.

By Thomas C Mountain,

This coming May 24 marks 25 years since a rag-tag afro coifed army of Eritrean rebel fighters drove their captured Ethiopian tanks through the Eritrean capital of Asmara and gave birth to the modern, “socialist” country of Eritrea.

The birthing process, the “armed struggle for independence”, took 30 years so the modern struggle to build a country based on “scientific socialism”, as Pan Africanists have called it, is still maturing.

While the lives of the people of Eritrea is still a hard one, a major, and very popular step in the development of socialist society has been introduced in what’s known here as the “currency change”, the calling in of all the old currency for replacement. Eritrea at this stage of socialism is still a cash based society with bank accounts something still only for a minority. So changing all the money is a really big deal in a developing third world country. Continue reading Eritrea: 25 Years of Struggle Building Socialism

Guaranteeing Signs of Market Stability in Eritrea

Following the introduction the new Nakfa currency notes, markets in Eritrea reflects a sharp decline in the prices of most consumable goods and other agricultural products. What additional measures should put in place to maintain the current market stability?

By Yosief Abraham Z.,

Following to the declaration of the redemption for Nakfa currency in the fall of last year, the markets in Eritrea have come with new notions of positive remarks. The sharp fall in the prices of consumable goods and other agricultural products have been appealingly magnetizing, and attracts the concern of different quarters.

The first notion which is undeniable is why such immunity in over-inflated market prices has started taking positive direction. In the first place, the limited circulation in the liquidity of money has its own impacts. And stemmed from this, traders who have been the main drivers of the inflation swing has been enforced to deal with the new market notions properly. In fact, the market in Eritrea had been under active guidance of speculators and their collaborators who exploited the market in skewed manner. Continue reading Guaranteeing Signs of Market Stability in Eritrea

ሃገራዊ ባንክ ኤርትራ ብዛዕባ ምቕያር ባጤራን ምድራት ምንቅስቓስ ጥረ ገንዘብን

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። Continue reading ሃገራዊ ባንክ ኤርትራ ብዛዕባ ምቕያር ባጤራን ምድራት ምንቅስቓስ ጥረ ገንዘብን

2015 in Review: Eritrea’s Economic Restructuring

With Eritrea foiled the endless isolation attempts, it employed a strategy of economic restructuring as soon as its detractors wadge an economic war against it.

By Simon Keleta,

In past articles in our ‘2015 in Review’ series, we covered the status of the attrition war against Eritrea and the use of migration, human rights and biased media coverage as part of an isolation strategy to diplomatically isolate Eritrea and implode its economy. With Eritrea escaping isolation attempts, that strategy has failed, which has led enemies of the Eritrean state push for the end goal, economic collapse, by shifting their focus on the economic war against Eritrea. In response Eritrea has employed a strategy of its own: economic restructuringContinue reading 2015 in Review: Eritrea’s Economic Restructuring

“ምቕያር ባጤራ – ብዙሕ መኣዝናትን ዕላማታትን ዘለዎ፡ ብዙሕ ሽግራት ክፈትሕ ዝተበገሰ ጉዳይ እዩ” – ፕረዚደንት ኢሳይያስ

ምትእትታው ናይ ሓዲሽ ባጤራ፡ ንቊጠባዊ ቅርጻዊ ምትዕርራይ መእተዊ’ዩ ማለት’ዩ። . . . እዚ ሓድሽ ባጤራ ተኣምራታዊ ፍታሕ ከምጽእ እዩ፡ ወይ እዞም ተወሲኖም ዘለዉ ስጉምትታት ምስ ተተግበሩ፡ ናይ ኩሎም’ቶም ኣብቲ ቁጠባ ተቐልቂሎም ዝጸንሑ ሶንኮፋት ወይ ኣበራት ፍወሳ ክመጽእ እዩ ኢልካ ክዝረብ ዝከኣል ኣይኮነን። . . . ቅድሚ ሕጂ ዝነበረ ሸለልትነትን ናይ ኣተሓሕዛ ሰንኮፍን፡ ከምኡ’ውን ብጽቡቕ ድሌት ዘየድሊ ሳዕቤናት ዘምጸአ ፖሊሲታት ክሰርሕ ስለዘይኮነ፡ መሰረታዊ ወይ ሱር-በተኽ ለውጢ ክመጽእ ኣለዎ። . . . ኣመታቱ ድሮ ምልክታት ክህብ ጀሚሩ ኣሎ።

ካብ ሓዳስ ኤርትራ

ረዚደንት ኢሳይያስ ኣፈወርቂ፡ ብምኽንያት ሓድሽ ዓመት 2016፡ ትማልን ብቕድሚ ትማልን (23ን 22ን ጥሪ 2016)፡ ብቴለቪዥንን ሬድዮን ብቐጥታ ዝተፈነወ፡ ኣብ ኩለንተናዊ ምዕባለታት ሃገርናን፡ ንኩነታት ሃገርና ኣብ ዝጸልዉ ዞባውን ዓለማውን ምዕባለታትን ተርእዮታትን ዘተኮረ፡ ምስ ማዕከናት ዜና ውሽጢ ሃገር ሰፊሕ ቃለ – መሕትት ኣካይዱ ኣሎ። ትሕዝቶ ናይቲ ቃለ – መሕትት ካብ ሎሚ ጀሚርና ብተኸታታሊ ከነቕርቦ ኢና። ቀዳማይ ክፋሉ እንሆ፦ Continue reading “ምቕያር ባጤራ – ብዙሕ መኣዝናትን ዕላማታትን ዘለዎ፡ ብዙሕ ሽግራት ክፈትሕ ዝተበገሰ ጉዳይ እዩ” – ፕረዚደንት ኢሳይያስ