Bank of Eritrea explained

Bank Name In Local:	ባንክ ኤርትረ
Headquarters:	Asmara, Maekel, Eritrea
Image 1:	File:Asmara, banca dell'eritrea.JPG
Image Title 1:	The Bank of Eritrea Building in Asmara
Ownership:	100% state ownership^[1]
Established:	1914
President:	Kibreab Woldemariam ^[2]
Leader Title:	Governor
Bank Of:	Eritrea
Currency:	Eritrean Nakfa
Currency Iso:	ERN
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. 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

Notes and References

1. Web site: Weidner . Jan . The Organisation and Structure of Central Banks . Katalog der Deutschen Nationalbibliothek. 2017. PDF.
2. Web site: Eritrea: Entering a New Phase. 2009-05-20. https://web.archive.org/web/20090529201245/http://classified.japantimes.com/ads/pdfs/20090518-panorama-eritrea.pdf. 29 May 2009 . live.
3. Legal Notice 101/2005. Ministry of Information. 2009-05-20. https://web.archive.org/web/20071201014738/http://www.shabait.com/cgi-bin/articles-new/exec/view.cgi?archive=5&num=2839. 2007-12-01. dead.
4. Web site: CMS Data . www.europarl.europa.eu.
5. Web site: National Bank of Eritrea . web.archive.org . 21 May 2012.