Bank.notes

Collection Eritrea #182

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1 ERN

Eritrea 1997 1990_present XF P-1 Needs review ✦ AI 90%
Front · IMG_6413.jpeg cropped
Back · IMG_6414.jpeg cropped
Pair check: ! check failed checked 2026-05-09T09:55:17.561907
Identity

Where & when

Country Eritrea
Currency ERN
Denomination 1
Series name First Nakfa series
Series year
Issue year 1997
Era 1990_present
Legal status in_circulation
Predecessor currency Ethiopian Birr
Successor currency
Subjects & design

What's on the note

Front portrait Eritrean women and children
Reverse subject Eritrean schoolchildren
Watermark Camel in clear field at left
Color palette #d4c5a8,#8b7355,#c19a6b
Themes indigenous_culture,education
Language / script Latin

Front: Three Eritrean women and children in traditional dress representing the diverse ethnic groups of Eritrea. The central figures wear traditional headwraps and jewelry, symbolizing the cultural heritage of the newly independent nation. At left, a vignette depicts the raising of the Eritrean flag, commemorating independence achieved in 1993 after a 30-year war of independence from Ethiopia. The nakfa currency was introduced in 1997 to replace the Ethiopian birr and is named after the town of Nakfa, a key stronghold during the independence struggle.

Back: A group of Eritrean schoolchildren in a classroom setting, representing education and the future of the nation. The scene emphasizes the government's focus on literacy and development in post-independence Eritrea. The Bank of Eritrea emblem appears at right, featuring the traditional camel motif that symbolizes endurance and survival in the arid Eritrean landscape.

Production

How it was made

Issuer Bank of Eritrea
Issuer (native) ኤርትራ ባንክ
Printer De La Rue
Engraver
Material paper
Dimensions (mm) 140x70

Signatures: President; Governor

Security features: watermark,microprint,intaglio

Geography

Eritrea in Africa

Eritrea in Africa. Other countries on the same continent shown in muted grey.

The story

Background & history

The First Nakfa series was introduced on 24 May 1997, exactly four years after Eritrea's independence referendum. The nakfa replaced the Ethiopian birr at par and takes its name from the town of Nakfa, which served as the headquarters of the Eritrean People's Liberation Front during the independence war (1961–1991). This 1 nakfa note, dated 24.5.1997, represents the lowest denomination of the inaugural series. The imagery emphasizes themes of cultural identity, independence, and education as foundations of the new nation.

Catalogue

Collector references

Pick # 1
Krause ID
Rarity tier common
Series range 1997–present
Provenance

How it came to me

Acquired date
Acquired from
Acquired price
Currency
Condition
Grade XF
Serial number AC2609015
Serial prefix AC

Note shows light handling with good color retention; minor edge wear visible

Valuation

What it's worth now

$2–$8
Type default range $2–$8
Valuation history (1)
datelowhighcurrencysourcenote
2026-05-08 17:08:48 2.0 8.0 USD ai from claude-sonnet-4-5
Technical

History & extractions

AI extractions (3)
research:anthropic · claude-sonnet-4-5 2026-05-09 09:38:09
status: error · step 10
research:openai · gpt-4o 2026-05-09 00:18:51
status: ok · step 10 · $0.0236 · 5650↓ + 943↑ tokens
anthropic · claude-sonnet-4-5 2026-05-08 17:08:48
status: ok · step 1 · $0.0357 · 6345↓ + 1108↑ tokens
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