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50 Nakfa
| Issuer | Bank of Eritrea |
|---|---|
| Year | 2015 |
| Type | Standard circulation banknote |
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|---|---|
| Obverse lettering | STATE OF ERITREA FIFTY NAKFA Legal tender of Eritrea ፍርቂ፡ ናቕፋ |
| Reverse description | A panoramic harbour scene occupies the central vignette, rendered in intaglio, with cargo vessels moored at dock amid loading cranes and industrial port infrastructure. The denomination numeral '50' appears in each upper corner, a camel vignette is printed in orange at the left, and a cogwheel device appears at the upper right. Inscriptions read 'BANK OF ERITREA' at top and 'FIFTY NAKFA' at bottom. |
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| Comments |
Eritrea's banking history is short and structurally unusual. The Bank of Eritrea operates as both central bank and sole commercial bank — a consolidation that reflects the government's tight grip on foreign exchange and capital movement, and one reason this note series circulates under heavily controlled conditions.
Giesecke & Devrient have printed every Nakfa issue since the currency was introduced in 1997, when Eritrea broke from the Ethiopian Birr following years of post-independence monetary friction. The 2015 dates mark a reissue of the third series, with no fundamental redesign from earlier runs.