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20 Nakfa

Issuer Bank of Eritrea
Year 2015
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Reference(s) P#16
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Obverse lettering 20 STATE OF ERITREA 20 Legal Tender of Eritrea 20 TWENTY NAKFA
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Protection type Watermark, Security foil strip
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Comments

Eritrea's 2015 note series came fifteen years after the country's painful monetary rupture with Ethiopia — the 2000 introduction of the Nakfa effectively severed the last financial tie following the 1998–2000 border war, and these later-dated notes continue that independent issuance without revision to the series architecture. Giesecke & Devrient printed the note at their Leipzig facility, a distinction worth noting: G&D's Munich address is corporate, but production has long run through Leipzig.

Clarence Holbert, an American designer with a substantial portfolio of African banknote work, handled the design — his name appears on notes for several sub-Saharan issuers across the same period.