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Bank of Eritrea

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Bank of Eritrea
ባንክ ኤርትረ
Asmara, banca dell'eritrea.JPG
The Bank of Eritrea Building in Asmara
Headquarters Asmara, Maekel, Eritrea
Established1914
Ownership100% state ownership [1]
GovernorKibreab Woldemariam [2]
Central bank of Eritrea
Currency Nakfa
ERN (ISO 4217)
Website www.boe.gov.er

The Bank of Eritrea (BOE) 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]

Contents

Governors

See also

References

  1. ↑ Weidner, Jan (2017). "The Organisation and Structure of Central Banks" (PDF). Katalog der Deutschen Nationalbibliothek.
  2. 1 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.


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