Eritrea - 1 Eritrean Nakfa - P-1 - 1997 dated Foreign Paper Money

1 Nakfa, P-1. Security strip! The nakfa is the currency of Eritrea and was introduced on 15 November 1997 to replace the Ethiopian birr at par. The currency takes its name from the Eritrean town of Nakfa, site of the first major victory of the Eritrean War of Independence. The nakfa is divided into 100 cents. The nakfa is pegged to the US dollar at a fixed rate of US$1 = ERN 15. At earlier times, it was officially pegged at US$1 = ERN 13.50. The currency is not fully convertible, so black market rates available on the streets typically offered a rate of 15 nakfas per dollar. Read more at https://en.wikipedia.org/wiki/Eritrean_nakfa