BANK OF ERITREA

Nakfa, the world's latest and a new currency was introduced by the State of Eritrea in late 1997. The IMF and the World Bank have recognized the circulation of Nakfa in both coin and paper-note denominations. The coin issues are one, five, ten, twenty-five, fifty and one-hundred Nakfa. The paper notes are issued in one, five, twenty, fifty and one-hundred Nakfa. The following artwork is representative of Eritrean heritage.

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Nakfa

The following table shows Nakfa, together with 52 African currencies, each country's IMF-voting-share-numbers, the capital city, the head of the Central Bank, date of independence, currency value in terms of IMF Special Drawing Rights (SDR), in millions of US dollars, and the countries' declared official language(s), of Organization African Unity (OAU).

OAU
State		Official
Language		IMF
SDRs		Date of
Independence		Head of
Central Bank		CapitalIMF
#Votes		Name of
Currency
AlgeriaArabic914.4Jul 1962Abdelouahab KeramaneAlgiers9,394Dinar
AngolaPortuguese207.3Nov 1975Mario de Alcantara MonteiroLuanda2,323New Kwanza
BeninFrench45.3Aug 1960Moise MensahPorto-Novo703CFA franc
BostwanaEnglish36.6Sep 1966Balendzi GaolatheGaborone616Pula
Burkina FasoFrench44.2Aug 1960Tertius ZongoOuagadougou696CFA franc
BurundiRundi/French57.2Jul 1962Mathias SinamenyeBujumbuna822Brundi franc
CameroonFrench/Eng.135.1Jan 1960Edouard Akame MfoumouYaounde1.601CFA franc
Cape VerdePortuguese7.0Jul 1975Antonio Gualberto do RosarioPraia320Escudo
Central African
Republic		French, Sango41.2Aug 1960Anicet-Georges DologueleBangui662CFA franc
ChadArabic, French41.3Aug 1960Bichara Cherif DaoussaN'Ojamena663CFA franc
ComorosComorian6.5Jul 1975Mohamed Ali SoilihiMoroni315Comorian franc
Congo, Democratic
Republic of the		French291.0Aug 1960VanantKinshasa000CFA franc
Congo, Repulic OfFrench57.9Jun 1960Nguila Moungounga-NkomboBrazaville829CFA franc
Cote d'IvoireFrench238.2Aug 1960N'Goran NiamienAbidjan2632CFA franc
DijiboutiArabic, French11.5Jun 1977Djama Mahamoud HaidDjibouti365Djib franc
EgyptArabic678.4Feb 1922Moheiddin El-GharibCairo7,034Egyptian, Pound
Equatorial GuineaSpanish24.3Oct 1968Marceli Oyono NtutumuMalabo493CFA franc
EritreaNone11.5May 1993Tekie BeyeneAsmara365Nakfa
EthiopiaAmharic98.31,000BCDubale JaleAddis Ababa1,233Birr
GabonFrench110.3Aug 1960Marcel Doupamby MatokaLibreville1,242CFA franc
Gambia, TheEnglish22.9Feb 1965Dominic MendyBenjul479Dalasi
GhanaEnglish274.0Mar 1957Kwabena DuffourAccra2,990Cedi
GuineaFrench78.7Oct 1958Ibrahima Kassory FofanaConakry1,037Guinean franc
Guinea-BissauPortuguese10.5Sep 1974Issufo SanhaBissau355Guinea-Bissau peso
KanyaSwahili, English199.4Dec 1963Musalia MudavadiNairobi2,224Kenya shilling
LesothoSotho, English23.9Oct 1966C.T ThamaeMaseru489Malito (Loti)
LiberiaEnglish71.3July 1847Elio E. SaleebyMonrovia963Liberian dollar
LibyaArabic817.6Dec 1951Taher E. JehaimiTripoli8,426Libyan dinar
MadagascarMalagasy, French90.4Jul 1960Andrianarivo TantelyAntananarivo1,154Madagasy franc
MalawiEnglish50.9Jul 1964M.A.P. ChikaondaLilongwe759Malawi Kwacha
MaliFrench68.9Jul 1965Soumaila CisseBama Ko939CFA franc
MauritaniaArabic47.5Nov 1960Mohamedou Ould MichelNouakchott725Ouguiya
MauritiusEnglish73.3Mar 1968Vasant Kumar BunwareePorto Louis893Mouritian rupee
MoroccoArabic427.7Mar 1956Mohamed SeqatRabat4,527Morrocan dirham
MozambiquePortuguese84.0Jun 1975Tomaz Augusto SalomaoMaputo1090Metical
NamibiaEnglish99.6Mar 1990Nangolo MbumbaWindhoek1,246Nambian dollar
NigerFrench48.3Aug 1960Ahmadou MayakiNiamey733CFA franc
NigeriaEnglish1,281.6Oct 1960Anthony A. AniLagos13.006Nigerian Naira
RwandaRwanda, French59.5Jul 1962Donat KaberukaKagali845Rwandan franc
Sao Tome and
Principe		Portuguese5.5Jul 1975Carlos Quaresma BatistaSao Tome305Dobra
SenegalFrench118.9Aug 1960Papa Ousmane SakhoDakar1,439CFA franc
SeychellesNone6.0Jun 1976James MichelVictoria310Seychelles rupee
Sierra LeoneEnglish77.2Aug 1960Thaimu BanguraFreetown1022Leon
SomaliaSomali, Arabic44.2Jul 1961VacantMogadishu692Someli Shilling
South AfricaEnglish...1,365.4May 1910Christian Lodewyk StalsPretoria13,904Rand
SudanArabic169.7Jan 1956VacantKhartoum000Sudanese dinar
SwazilandSwazi, English36.5Sep 1968Themba N. MashukaMbabane615Lulangeni
TanzaniaSwahili, English146.9Dec 1961Daniel N. YonaDar es Salaam1,719Tansanian shilling
TogoFrench54.3Apr 1960Barry Moussa BarqueLome793CFA franc
TunisiaArabic206.0Mar 1956Mohamed El Beji HamdaTunis2,310Dinar
UgandaSwahili, English133.9Oct 1962Jehoash Mayanja-NkangiKampela1,589Uganda shilling
ZambiaEnglish363.5Oct 1964Ronald Damson Siame PenzaLusaka3,885Zambian Kwacha
ZambabweEnglish261.3Sep 1980Herbert MurerwaHarare2,863Zambabe dollar

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From Independence to the introduction of the Nakfa, Eritrea used the Ethiopean Birr (shown below):

To learn the relationship between Nakfa and the Birr, see the interview with Tekie Beyene, the Governor of The Bank of Eritrea -- Click here

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