Bank of Eritrea
Eritrea was liberated from the Ethiopian colony on 24 May 1991. Until April 1993 during the transition period, Eritrea remained a de facto state. Thus, Bank of Eritrea was a de facto bank soon afterwards. In April 1993 the referendum for a sovereign Eritrea was successfully accomplished. Thereafter, the world community recognised Eritrea as a de jure state. The Bank of Eritrea was established in March 1993 by Proclamation 32/93. This proclamation was amended on 10 March 1997
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