Eritrean Nakfa

M2 money supply, indexed to 2001 = 100

Every line goes up — that’s the point. Angle of attack tells the story.

All series matched through 2015; some central-bank sources lag a year or two.

Log scale

USDEURJPYGBPCNYCHFCADAUDINRBRLERN

ERN highlighted against the top 10 reserve currencies — M2 broad money, indexed to 2001 = 100. ERN series: IMF IFS via DBnomics, as of 2015.

Eritrean Nakfa M2 money supply

Broad money in ERN (cash + deposits + close substitutes), annual back to ~1960 via World Bank FM.LBL.BMNY.CN. Log scale auto-engages for hyperinflation outliers.

166 data points · monthly granularityLog scale

Eritrean Nakfa inflation history

Annual CPI YoY since 2001 — World Bank consumer price index for Eritrea. Inflation volatility is one of three inputs into the Money2069 sound-money score.

Frequently asked questions

Who issues the Eritrean Nakfa?+

The Eritrean Nakfa (ERN) is issued by Bank of Eritrea. As the monetary authority for Eritrea, it sets policy interest rates, manages foreign reserves, and controls the money supply.

What is the inflation rate of the Eritrean Nakfa?+

Latest available consumer price inflation for the Eritrean Nakfa: currently unavailable from World Bank for this currency. Source: World Bank annual series (FP.CPI.TOTL.ZG). Daily-refreshed historical chart on this page.

Has the Eritrean Nakfa been debased?+

Every fiat currency loses purchasing power over time as central banks expand the money supply. M2 has grown by approximately 227% over the past decade. Combined with cumulative inflation, this is the gap between ERN as accounting unit and ERN as a store of value.

Is the Eritrean Nakfa sound money?+

On the Money2069 0–100 sound-money scale, the Eritrean Nakfa currently scores 49.4. The score weights inflation volatility, 10-year money-supply growth, and 1-year FX stability. Higher = closer to sound. No fiat scores 100 because no fiat has zero issuance.

How does the Eritrean Nakfa compare to gold or the US dollar?+

Use the table on the listing page to sort all 138 tracked currencies by inflation, 10-year M2 change, or M69 score. Pegged currencies (USD-pegged dirham, riyal, etc.) inherit the dollar's debasement profile; floating currencies tell their own story.

How often is this data updated?+

We pull fresh exchange rates daily from Frankfurter (ECB-sourced), with Exchange Rate API covering currencies the ECB doesn't quote, and refresh the inflation series from the World Bank. The page is statically rendered with 24-hour ISR. Source data is publicly accessible via our /api/v1/currencies endpoints.

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