nakfa

American  

[nahk-fah] / ˈnɑk fɑ /

noun

plural

nakfa, nakfas

1. a monetary unit of Eritrea, equal to 100 cents.

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nakfa British  

/ ˈnækfə /

noun

1. the standard currency unit of Eritrea

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Etymology

Origin of nakfa

First recorded in 1995–20; named after the Eritrean town Nafka

Example Sentences

Most are paid roughly four hundred nakfa, or thirty dollars, a month.

From The New Yorker • Dec. 4, 2016

But Eritreans are not allowed to withdraw more than five thousand nakfa a month from a bank without approval.

From The New Yorker • Dec. 4, 2016

In Asmara, a 23-year-old who works at a ministry said she earned 500 nakfa - the equivalent of about $33 a month at the official rate but less on the black market.

From Reuters • Feb. 25, 2016

While the official rate of around 15 nakfa to the U.S. dollar has stayed fixed, the black market rate has plunged to about 20-25 from 50-55 before the new notes were circulated.

From Reuters • Feb. 25, 2016

The national emblem is the camel that carried supplies to Nakfa; the country's new currency, introduced in November to replace the Ethiopian birr, is called the nakfa.

From Time Magazine Archive