Eritrea — Shopping
Shopping
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 hours: Mon-Sat 0830-1300, 1430-2030 (regional variations occur).
Currency
Nakfa (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 Exchange
US 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 Cards, Debit Cards, and ATMs
Credit cards are accepted in major hotels, airlines and major travel agencies. However, a commission of up to 5% may be charged.
Travelers Checks
Major banks in Asmara and Massawa accept traveler's checks as well as major hotels. US Dollar traveler's checks are recommended; however, getting them changed at the bank can be a lengthy process.
Currency Restrictions
There are no restrictions on the import or export of local or foreign currency.
Banking Hours
Mon-Fri 0800-1200 and 1400-1700, Sat 0800-1200.
Exchange Rate
| 1.00 GBP = 24.1 ERN |
| 1.00 USD = 15 ERN |
| 1.00 EUR = 21.18 ERN |
| 1.00 GBP = 1.6 USD |
| 1.00 EUR = 1.41 USD |
| Currency conversion rates as of 19 July 2011 |
