National Bank of Eritrea prints new currency notes

The National Bank of Eritrea has introduced new currency notes, disclosed Mr. Kibreab Woldemariam, Administrator of the Bank.

Asmara, 16 January 2012 – The National Bank of Eritrea has introduced new currency notes, disclosed Mr. Kibreab Woldemariam, Administrator of the Bank.

He said that the newly printed currency notes are 100 and 50 Nakfa, and that of the 50 Nakfa has already been circulated, and that of 100 Nakfa would soon be circulated.

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.