Bank of Eritrea

Bank of Eritrea
ባንክ ኤርትረ

The Bank of Eritrea Building in Asmara
Headquarters	Asmara, Maekel, Eritrea
Established	1914
Ownership	100% state ownership[1]
Governor	Kibreab Woldemariam [2]
Central bank of	Eritrea
Currency	Eritrean Nakfa ERN (ISO 4217)
Website	www.boe.gov.er

The Bank of Eritrea is the central bank of Eritrea. The bank is located in Asmara, the capital. The central bank is interested in encouraging foreign investment and in importing capital goods such as industrial machinery and agricultural equipment.^[2] The Central Bank of Eritrea, though a government entity, is independent from the Ministry of Finance; its governor and policy committee formulate and implement policy with input from the Ministry of Finance. Although travellers are permitted to bring foreign currency into the country, all transactions are to be made in Nakfa.^[3]

Governors

• Andebrhan Welde Giorgis, 1993-1994^[4]
• Tekie Beyene, 1994-2003-?
• Kibreab Woldemariam, ca. 2005^[5] -

See also

• Banking in Eritrea
• Central banks and currencies of Africa
• Economy of Eritrea
• Eritrean nakfa, the unit of currency
• List of central banks

References

1. Weidner, Jan (2017). "The Organisation and Structure of Central Banks" (PDF). Katalog der Deutschen Nationalbibliothek.
2. "Eritrea: Entering a New Phase" (PDF). Archived (PDF) from the original on 29 May 2009. Retrieved 2009-05-20.
3. "Legal Notice 101/2005" (Press release). Ministry of Information. Archived from the original on 2007-12-01. Retrieved 2009-05-20.
4. "CMS Data" (PDF). www.europarl.europa.eu.
5. "National Bank of Eritrea". 21 May 2012. Archived from the original on 2012-05-21.

External links

• Official website