Rena, Ravinder (2006): Historical Development of Money and Banking in Eritrea from the Axumite Kingdom to the Present. Published in: African and Asian Studies , Vol. 6, No. 1-2 (10. June 2007): pp. 135-153.
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The development of money is an abstract of the history of civilization. Financial institutions encourage saving habit among the people by receiving deposits from the public in various forms. The Axumite kings were the first to mint coins in the African Continent. The aim of this paper is to explore the lessons learned from the different historical developments in the country and the region. The paper discusses the origin of banking system in Eritrea. It highlights the historical evolution and growth of money and banking in Eritrea during the Axumite, Italian, and the British, Ethiopian periods. It also provides the chronological development of money and banking from historical times to the post-independent Eritrea. It also deals with the existing banking institutions in the country. The paper makes an extensive use of related literature in enlightening the money and banking system in Eritrea during the historical period. It ends with summary and concluding remarks.
|Item Type:||MPRA Paper|
|Original Title:||Historical Development of Money and Banking in Eritrea from the Axumite Kingdom to the Present|
|Keywords:||Money; Banking; Eritrea; historical development; Banking institutions|
|Subjects:||O - Economic Development, Innovation, Technological Change, and Growth > O1 - Economic Development > O11 - Macroeconomic Analyses of Economic Development
N - Economic History > N0 - General > N01 - Development of the Discipline: Historiographical; Sources and Methods
E - Macroeconomics and Monetary Economics > E5 - Monetary Policy, Central Banking, and the Supply of Money and Credit > E58 - Central Banks and Their Policies
N - Economic History > N2 - Financial Markets and Institutions > N27 - Africa ; Oceania
G - Financial Economics > G2 - Financial Institutions and Services > G21 - Banks ; Depository Institutions ; Micro Finance Institutions ; Mortgages
|Depositing User:||Ravinder Rena|
|Date Deposited:||06. Jan 2009 07:48|
|Last Modified:||19. May 2015 06:52|
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