Sending money to Eritrea is not the easiest, mainly due to your limited options. Despite this, there are still several great and easy options available to you when sending from other countries.
The Eritrean Nafka (ERN) is pegged to the American Dollar (USD) at a rate of 15.00425 ERN per USD. This rate is constant and has been for a long time.
If you are concerned about the possibility of future fluctuations in currency exchange rates, it would be helpful for you to study the American Dollar as a point of reference.
The fastest way to send money to Eritrea is through Ria Money Transfer’s fast option. With Ria Money Transfer’s fast option, your money will reach its Eritrean destination in a matter of minutes. This fast option is also very affordable as it costs less than most of Ria Money Transfer’s slower competition.
The main drawback to Ria Money Transfer is that some users complain that the platform isn’t the easiest to use. When it comes to their fast option, you can be sure you’re getting a good deal when it comes to both speed and cost, making it worth a slight headache.
The cheapest way to send money to Eritrea is through Ria Money Transfer’s slow option. Ria Money Transfer charges very low upfront rates for their money transfer services. The company’s slow option is also relatively cheap when it comes to hidden currency conversion costs. When both of these factors are considered, Ria Money Transfer’s slower option is clearly very cheap.
It should also be noted that Ria Money Transfer’s slow option is very slow. It should normally take 3-5 business days for your money to reach its Eritrean destination.
The easiest way to send money to Eritrea is through Xoom. Xoom is owned by PayPal and offers you a similar level of convenience. The easiest thing you can do for the recipient is to send money to their debit card so that they can withdraw cash from an ATM right after they receive the money. You can of course also opt to send money to the recipient’s bank account.
The overall best way to send money to Eritrea is through Ria Money Transfer. We recommend that you use their fast option, as you’d pay more, but your transfer would be completed much faster. Ria Money Transfer’s fast option gives you the best balance between cost and speed. If you are not in a rush and would prefer cheaper rates, their slow option offers highly competitive rates. With Ria Money Transfer, you have a service that is more accessible and generally well-rounded than the competition.
Jonathan is the founder and editor of MoneyTransfers.com. Jonathan is highly experienced in the currency transfer market, having previously worked in the FX trading industry, alongside being an avid traveller. Using his knowledge he identified a need for transparency and further education to help people save money on their money transfers, leading to the creation of MoneyTransfers.com