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Eritrean International Wire Transfers Resume Service

Posted by: thomas mountain

Date: Sunday, 19 May 2019

Eritrean International Wire Transfers Resume Service

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 acounts 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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