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Africa politics

Meet the country that banned the use of ATM and has never borrowed or collected foreign aid or loans

Known as the North Korea of Africa, Eritrea is a northeast African country on the Red Sea coast. It shares its borders with neighboring countries such Ethiopia, Sudan as well as Djibouti.

Its capital city is called Asmara which is known for its Italian colonial buildings such as the St. Joseph's Cathedral as well as art and deco structures which beautifies the city at night.

Eritrea is mostly known for its non involvement in foreign affairs as it is the only country that has not even a single ATM machine but rely solely on counter bank with just about 10% of its population having bank accounts.

Those who have bank accounts can also withdraw not more than $300 a month but in some cases may be able to withdraw if they go through some series of procedures.

Eritrea is a one party state and has never had an Election since it gained its independence from Ethiopia since 1993. Unlike any other African country Eritrea has not received any form of foreign aid from any Country or organization since it’s independence 28 years ago.

It is solely a self reliant country who seeks to control its affairs from all aspects and depending thoroughly on their county’s mineral resources and expenditure.

In 2006 Eritrea rejected a $200 million dollar loan and other food aid from the United Nations despite being one of the poorest nations on the African continent.

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Africa Djibouti Eritrea Ethiopia Red Sea


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