Eritrean International Wire Transfers Resume Service

Eritrean International Wire Transfers Resume Service

By Thomas C. Mountain

As of Friday, May 17, 2019 international wire transfers in Euros to and from Eritrea have resumed service, though still restricted to business accounts in outgoing transfers. Wire transfers from Eritrea from personal accounts to personal accounts outside of the country may be possible in the future.

Transfer in Euros from Eritrea to western countries remain through Russian banks and hopefully this problem of freezing international wire transfers to and from Eritrea is solved. The only problem that may remain is that the previous policy of only allowing transfers from Eritrea to business accounts outside may continue under the re-opening of wire transfers and this is serious problem for individuals living inside the country.

Hopefully through cooperation with our partners in Russia Eritrea will be able to resume normal international wire services.

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