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Economy of Eritrea Thirty years of war left the country totally devastated

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Remittances from overseas Eritreans, coupled with local tourism by those who return for visits, are Eritrea’s main source of foreign exchange. These remittances are estimated at US$ 250 million per annum and include the voluntary 2% income tax, fundraising projects, personal donations and the purchasing of interest-free bonds.

   

Commercial Bank of Eritrea (Asmara) 

Stamp issued to celebrate the second anniverary of independence

Series of stamps issued on the occasion of May 24th 1999
celebration of the eight anniversary of Eritrean Independence

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