Tag: hard currency
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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 policy or planning to organize
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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 institutions that allows depositors only