News
BBCSwinney defends food prices policy ahead of first minister vote·Economic TimesIndia fuel price hike among world's lowest: BJP·SCMPSome Asian airlines could collapse like Spirit without help on rising fuel costs·SCMPTexans accuse Japan of doing ‘deal with the devil’ by funding US fossil fuel projects·SCMPHong Kong property upswing poised to hold despite interest rates risk: Moody’s·SCMPCuba warns of ‘bloodbath’ if US attacks as Washington expands sanctions·NYTOil Prices Climb and Bonds Falter as Iran War Raises Inflation Fears·SCMPUS extends Russian oil waiver by 30 days as Hormuz closure chokes supply·BBCSwinney defends food prices policy ahead of first minister vote·Economic TimesIndia fuel price hike among world's lowest: BJP·SCMPSome Asian airlines could collapse like Spirit without help on rising fuel costs·SCMPTexans accuse Japan of doing ‘deal with the devil’ by funding US fossil fuel projects·SCMPHong Kong property upswing poised to hold despite interest rates risk: Moody’s·SCMPCuba warns of ‘bloodbath’ if US attacks as Washington expands sanctions·NYTOil Prices Climb and Bonds Falter as Iran War Raises Inflation Fears·SCMPUS extends Russian oil waiver by 30 days as Hormuz closure chokes supply·
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Eritrea

Eritrean Nakfa (ERN)

60
High
Risk
#9
of 171
Riskier
than 95% of currencies
37
global avg score
$733
$1,000 in 5 years
Impact on Citizens

Citizens need to earn at least 7.9% per year on savings to stay ahead. Money sitting in a regular account is slowly losing value.See savings calculator ↓

Economic Indicators

Inflation Rate
6.4%
Debt to GDP
211.0%
GDP Growth
8.7%
Broad Money / GDP
176.8%

Banking & Stability

NPL Ratio
Not available
Reserve Months
0.8
Current Account
-14.8%
FX Volatility
0.0

Governance & Markets

Rule of Law
-1.4
Black Market Premium
100.0%
Capital Controls
100.0
Peg Fragility
46.6

Currency Structure

Global Currency Role
70.0
FX Regime
hard peg
Data Coverage
92.0%

Savings Impact Calculator

ERN
Holding cash in ERN6.4% inflation
ERN 733−ERN 267 (27% purchasing power lost)
Your ERN 1,000 buys 27% less in 5 years
What if you invested ERN 1,000 instead? (5yr, in ERN terms)
USD-denominated assets gain an additional ~3.4%/yr from expected ERN depreciation vs USD
Hold USD Cash
ERN 1020
+ERN 20
+0.4%/yr net in ERN
S&P 500
ERN 1875
+ERN 875
range: ERN 877ERN 3628
10% USD return + 3.4% FX · ±16% vol
Gold
ERN 1716
+ERN 716
range: ERN 510ERN 4551
8% USD return + 3.4% FX · ±24% vol
Bitcoin
ERN 3490
+ERN 2490
range: ERN 228ERN 20.2k
25% USD return + 3.4% FX · ±54% vol

All values in ERN. USD-denominated assets (S&P 500, Gold, Bitcoin) include an estimated FX gain of ~3.4%/yr based on the inflation differential between Eritrea (6.4%) and the US (~3%). This uses purchasing power parity as a long-run approximation — actual FX movements can differ significantly in the short term. S&P 500 based on 1957-2024, Gold on 2000-2024, Bitcoin on 2015-2024. Past performance does not guarantee future results. Not financial advice.

Data last updated: 2026-05-19

Note: World Bank does not cover this country directly. Data sourced from national statistics and IMF estimates.