Bank of Eritrea

{{Short description|Central Bank of Eritrea}}

{{Infobox Central bank

| bank_name_in_local = ባንክ ኤርትረ

| headquarters = Asmara, Maekel, Eritrea

| coordinates =

| image_1 = File:Asmara, banca dell'eritrea.JPG

| image_title_1 = The Bank of Eritrea Building in Asmara

| image_2 =

| image_title_2 =

| ownership = 100% state ownership{{cite web |last1=Weidner |first1=Jan |title=The Organisation and Structure of Central Banks |url=https://d-nb.info/1138787981/34 |website=Katalog der Deutschen Nationalbibliothek|year=2017|format=PDF}}

| established = 1914

| president = Kibreab Woldemariam {{cite web|url=http://classified.japantimes.com/ads/pdfs/20090518-panorama-eritrea.pdf|title=Eritrea: Entering a New Phase|accessdate=2009-05-20| archiveurl= https://web.archive.org/web/20090529201245/http://classified.japantimes.com/ads/pdfs/20090518-panorama-eritrea.pdf| archivedate= 29 May 2009 | url-status= live}}

| leader_title = Governor

| General Manager =

| bank_of = Eritrea

| currency = Eritrean Nakfa

| currency_iso = ERN

| reserves =

| borrowing_rate =

| deposit_rate =

| website = [http://www.boe.gov.er www.boe.gov.er]

| preceded =

| succeeded =

| footnotes =

}}

The Bank of Eritrea is the central bank of Eritrea. The bank is located in Asmara, the capital. The central bank is interested in encouraging foreign investment and in importing capital goods such as industrial machinery and agricultural equipment. The Central Bank of Eritrea, though a government entity, is independent from the Ministry of Finance; its governor and policy committee formulate and implement policy with input from the Ministry of Finance. Although travellers are permitted to bring foreign currency into the country, all transactions are to be made in Nakfa.{{cite press release|title=Legal Notice 101/2005|publisher=Ministry of Information|url=http://www.shabait.com/cgi-bin/articles-new/exec/view.cgi?archive=5&num=2839|accessdate=2009-05-20|archive-url=https://web.archive.org/web/20071201014738/http://www.shabait.com/cgi-bin/articles-new/exec/view.cgi?archive=5&num=2839|archive-date=2007-12-01|url-status=dead}}