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Tag Archives: hard currency

Eritrean Ethiopian Cross-Border Trade Facing Hiccups

The euphoria of the first few days of cross-border trading between Eritrea and Ethiopia is now facing reality. Impulsive moving of goods between the two countries has now slowed down due to many factors, but mainly due to a shortage of Nakfa currency. The border was opened without any declared …

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The Eritrean Government Admits Its Banking Blunder

In an unusual admission to problems it faces, in yesterday’s edition of Haddas Eritrea, a Tigrinya newspaper it owns, the Eritrean government issued an editorial entitled “Appropriate Correction.” The editorial raises more questions than it answers as it fails to restore the exceeding loss of confidence in the government-owned financial …

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