Observatoire des droits humains (anglais seulement)

Some Experts Wary of Eritrean Currency Redemption Plan

(Version anglaise seulement)

The Bank of Eritrea recently announced that all Nakfa notes in circulation must be exchanged for new government-issued notes. The decision by the country’s central financial institution is expected to have a major impact on the economy. While the nationwide currency replacement program is not meant to change the value of the money, as the exchange will be on a one-to-one basis, observers nonetheless expected the effects to be wide-ranging. Biniam Fessehazion Gebremichael, a former...

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