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#monetary policy

Eritrean Nakfa banknotes and coins displayed before the Commercial Bank of Eritrea.

Sovereign Monetary Stewardship: Eritrea’s Strategic Path to Financial Self-Reliance

Eritrea's Central Bank has mandated citizens to deposit physical Nakfa cash into commercial banks, aiming for economic self-reliance and financial transparency. This directive seeks to combat the shadow economy and enhance the state's monetary authority.

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