Mereja.Forum

Deqi-Arawit wrote: ↑

08 Nov 2025, 15:42

Wedi medhin berad bitches are really low IQ. The value of any currency is decided by the Supply and demand equation and of course about the health of the economy of a country.

In Eritrea, economy is non existent, and the regime doesn't even allow people to pull more than 3000 nacfa from a bank. And here are the Low iQ telling us that nacfa is a strong currency

Bless you bitches

Temt wrote: ↑

08 Nov 2025, 16:04

Deqi-Arawit wrote: ↑

08 Nov 2025, 15:42

Wedi medhin berad bitches are really low IQ. The value of any currency is decided by the Supply and demand equation and of course about the health of the economy of a country.

In Eritrea, economy is non existent, and the regime doesn't even allow people to pull more than 3000 nacfa from a bank. And here are the Low iQ telling us that nacfa is a strong currency

Bless you bitches

ኣየ ምቀኛ ቡዳ፡ ብዘይካ ሓሶትን መዓንጣኻ ዝቐርጽ ሕስድናን፡ መቸም ናይ ኤርትራ ጽቡቕ ነገር ምስማዕ ወይ ምርኣይ፡ መዓኮርካ እዩ ዝተዃዂየካ ያ ለኽባጥ ዋሒድ! ዘይኮውን ኮይኑካ (ብሂወት ስለ ዘየላ) እዩ'ምበር፡ ናብ ምጥሪ እታ ብ ፴፭ ሰናቲም ኣብ እንዳባሻውል እንዳሾርመጠት ዘዕበየትካ "እኖኻ" ክትምለስ ስለ "ኣቡነ ኣረጋዊ" ኣይትገድፍ ስለ "ጨርቆስ"፡ ክትልምን ሰብ መጽመምካ ኔርካ። "Deqi Arawit" - my foot!

Temt wrote: ↑

08 Nov 2025, 16:04

Deqi-Arawit wrote: ↑

08 Nov 2025, 15:42

Wedi medhin berad bitches are really low IQ. The value of any currency is decided by the Supply and demand equation and of course about the health of the economy of a country.

In Eritrea, economy is non existent, and the regime doesn't even allow people to pull more than 3000 nacfa from a bank. And here are the Low iQ telling us that nacfa is a strong currency

Bless you bitches

ኣየ ምቀኛ ቡዳ፡ ብዘይካ ሓሶትን መዓንጣኻ ዝቐርጽ ሕስድናን፡ መቸም ናይ ኤርትራ ጽቡቕ ነገር ምስማዕ ወይ ምርኣይ፡ መዓኮርካ እዩ ዝተዃዂየካ ያ ለኽባጥ ዋሒድ! ዘይኮውን ኮይኑካ (ብሂወት ስለ ዘየላ) እዩ'ምበር፡ ናብ ምጥሪ እታ ብ ፴፭ ሰናቲም ኣብ እንዳባሻውል እንዳሾርመጠት ዘዕበየትካ "እኖኻ" ክትምለስ ስለ "ኣቡነ ኣረጋዊ" ኣይትገድፍ ስለ "ጨርቆስ"፡ ክትልምን ሰብ መጽመምካ ኔርካ። "Deqi Arawit" - my foot!

1. Fixed exchange rate

The Eritrean government pegs the nakfa to the U.S. dollar at about 1 USD = 15 nakfa, a rate set by the government since around 2005.
This means the value doesn’t move according to market forces (like demand or inflation).
In practice, it stays artificially strong — because the government says it’s worth that much.
On the black market, the real exchange rate is much weaker — often 1 USD = 100–200 nakfa or more, depending on conditions.
So, officially it looks “expensive,” but in real-world terms it isn’t.

2. Strict currency controls
Eritrea has one of the most tightly controlled monetary systems in the world.
You can’t freely exchange large amounts of nakfa into foreign currency.
Banks and money transfers are heavily regulated.
Ordinary citizens and businesses can’t legally trade currency at market rates.
These restrictions mean there’s almost no legal market pressure to lower (devalue) the currency officially — even if its real purchasing power is far lower.

3. Limited trade and isolation
Eritrea has low trade volumes, limited foreign investment, and restricted imports/exports.
When a currency doesn’t trade internationally, its official value can stay stable on paper, because there’s no foreign exchange market testing its real worth.

4. Inflation and black market reality
Inside Eritrea, prices for goods are often high relative to incomes, indicating the nakfa has far less real buying power than its official rate suggests.
People and businesses often use the black-market rate for real transactions, where the nakfa is much weaker.