Eritrean Nakfa in East Caribbean Dollar

ERN Eritrean Nakfa

Country of application:
Eritrea

Coin denominations in circulation:
1, 5, 10, 25, 50 cents, 1 nakfa.

Denominations of banknotes in circulation:
1, 5, 10, 20, 50, 100 nakfa.

History reference:
The Eritrean nakfa is the national currency and fiat money of the State of Eritrea, a state in East Africa. Nakfa was introduced in 1997 when it replaced the Ethiopian Birr after the War of Independe...nce. The country went through seven years of stabilization, reconstruction and development before the start of a new border war with Ethiopia in 1998. In mid-2018, a turning point took place in the external environment of Eritrea. Ethiopia signed a peace treaty with Eritrea in July 2018. Eritrea has begun to normalize relations with neighboring countries. In November 2018, the UN Security Council lifted sanctions on Eritrea. The current account surplus will remain high in 2020, driven by Eritrean remittances from abroad (12% of GDP) and mining exports (25% of GDP).

XCD East Caribbean Dollar

Country of application:
Anguilla, Antigua and Barbuda, Dominica, Grenada, Montserrat, Saint Kitts and Nevis, Saint Lucia, Saint Vincent and the Grenadines

Coin denominations in circulation:
5, 10, 25 cents and 1 dollar.

Denominations of banknotes in circulation:
5, 10, 20, 50, 100 dollars.

History reference:
The national currency of Anguilla is the East Caribbean dollar. Since 1982, a new series of coins has been in circulation in denominations of 1, 2, 5, 10, 25 cents and 1 dollar. Coins from 1 to 5 cen...ts were polyhedral, and a coin of 2 cents was square in shape. They were all made of aluminum alloy. But 10 and 25 cent coins were round, and made of copper-nickel alloy. The dollar was also round, but made of an aluminum bronze alloy. In 1989, the one dollar coin became multifaceted from a round shape and now from a copper-nickel alloy, changing its color from yellow to silver. Since 2002, new exclusively round 1, 2 and 5 cent coins have entered circulation, as well as a new $1 coin, which is now also round. Since 2009, 10.25 cents and 1 dollar coins have been minted from Akmonital alloy. The 1 and 2 cent coins were withdrawn from circulation in July 2015 and were legal tender until June 30, 2020.