אריתריאה – Eritrea flag

אריתריאה                               
The nafka is the official currency of Eritrea . There are several coins available that are denominated in cents. These are the 1, 5, 10, 25 and 50 cent coins. Aside from this there is also one other coin and this is the one nafka coin. . Some of the currencies we have looked at in this section have a history stretching back for decades or even centuries. This isn’t the case for the nafka, which came into being only in late 1997.
Before the country created its own currency it used the Ethiopian birr. Originally it replaced it at par, which meant one Ethiopian birr was worth one nafka upon introduction. As mentioned above it is now pegged to the US dollar at a different value.
   
 

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