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Currency
Nakfa (ERN) = 100 cents. Notes are in denominations of ERN100, 50, 10, 5 and 1. Coins are in denominations of ERN100, 50, 25, 10, 5 and 1.
Currency Exchange
US Dollar bills are the most convenient form of exchange. Foreign currencies can be exchanged at the Commercial Bank of Eritrea in Asmara (which provides the best exchange rate), private currency exchange offices and major hotels.
Credit/Debit Cards and ATMs
Credit cards are accepted in major hotels, airlines and major travel agencies. However, a commission of up to 5% may be charged.
Traveller's Cheques
Major banks in Asmara and Massawa accept traveller's cheques as well as major hotels. US Dollar traveller's cheques are recommended; however, getting them changed at the bank can be a lengthy process.
Banking Hours
Mon-Fri 0800-1200 and 1400-1700, Sat 0800-1200.
Exchange Rate Indicators
| Date | Jul 08 |
| £1.00= | ERN29.88 |
| $1.00= | ERN15.00 |
| €1.00= | ERN23.80 |
