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10 Nakfa

Issuer Bank of Eritrea
Year 2015
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Reference(s) P#15
Obverse description The obverse is dominated by an intaglio vignette of three young Eritrean women in traditional dress and jewellery, rendered in fine guilloche-backed engraving across the centre and right of the note. To the left, an oval vignette portrays freedom fighters raising the Eritrean flag atop a rocky summit, with two facsimile signatures below captioned PRESIDENT and GOVERNOR. The upper border carries the legend STATE OF ERITREA flanked by the numeral 10 in ornate cartouches, while a coral-coloured camel watermark device and the date 24.5.2015 appear at lower right, with Tigrinya and Arabic script inscriptions along the right margin.
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Reverse lettering BANK OF ERITREA
TEN NAKFA
10
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Comments

Eritrea's 2015 note series came fifteen years into an effectively closed economy — the country had suspended private banking, frozen foreign currency accounts, and implemented some of the world's most restrictive currency controls by that point. The 10 Nakfa exists less as a functioning trade instrument than as a managed rationing token in a state where cash withdrawals had been capped and parallel exchange rates operated far above any official figure.

Giesecke & Devrient have produced every Eritrean note series since independence. That continuity is notable given how few other suppliers the Eritrean government has worked with across two decades of international isolation.

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