Good buys are gold and silver jewelry (sold by weight), woodcarvings, leather items, spears, drums, carpets and wicker goods. A certain amount of bargaining is expected in marketplaces but prices at shops in towns are usually fixed.
Shopping hoursMon-Sat 0830-1300, 1430-2030 (regional variations occur).
Currency Information:CurrencyNakfa (ERN) = 100 cents. Notes are in denominations of ERN100, 50, 10, 5 and 1. Coins are in denominations of ERN100, 50, 25, 10, 5 and 1.
Currency ExchangeUS Dollar bills
are the most convenient form of exchange. Foreign currencies can be exchanged at the Commercial Bank of Eritrea in Asmara (which provides the best exchange rate), private currency exchange offices and major hotels.
Credit/Debit Cards and ATMsCredit cards are accepted in major hotels, airlines and major travel agencies. However, a commission of up to 5 per cent may be charged.
Traveller's ChequesMajor banks in Asmara and Massawa accept traveller’s cheques as well as major hotels. US Dollar traveller’s cheques are recommended; however, getting them changed at the bank can be a lengthy process.
Banking HoursMon-Fri 0800-1200 and 1400-1700, Sat 0800-1200.
Exchange Rate Indicators| Date | Apr 07 |
| £1.00= | ERN29.61 |
| $1.00= | ERN15.00 |
| €1.00= | ERN20.02 |
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