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50 Nakfa

Issuer Bank of Eritrea
Year 1997
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Size 140 × 70 mm
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Reverse description Central intaglio vignette of cargo freighters moored at the port of Massawa, with loading cranes and port infrastructure rendered in fine line engraving across the full width of the note. An oval watermark window appears at the left, within which a red camel outline is printed as a counterpart to the watermark. A circular sun motif with radiating rays occupies the upper right corner, and ornate guilloche borders frame the top and bottom margins.
Reverse lettering 50 BANK OF ERITREA 50 50 FIFTY NAKFA 50
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Comments

Eritrea's 1997 series was the country's first domestically issued currency following independence from Ethiopia in 1993 — the nakfa itself named after the northern town of Nakfa, which the EPLF held throughout the long liberation war and came to symbolize resistance. Giesecke & Devrient had a long record of printing currencies for newly independent African states, and Eritrea's assignment to their Leipzig facility reflected standard post-reunification consolidation of the firm's East German operations.

Clarence Holbert's involvement is worth noting — he worked extensively on African currency design through this period, producing work for multiple issuing authorities. The security specification here is modest: a single watermark, no metallic thread, no color-shifting ink. Practical for a young central bank with limited procurement budget.

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