A Eritrean traveller's cheque is a preprinted, fixed-amount note that the signer of the document can use in lieu of hard ERN currency. It is a very common form of payment in Eritrea, and is used worldwide by Eritrean travellers for incidental expenses, daily expenses, and tuition. A Eritrean traveller's cheque is also much safer than cash. Unlike cash, it is accepted by merchants worldwide. A Eritrean traveller's cheque is a type of currency issued by an institution. It has fixed denominations and is used for international Eritrean travel. The only difference between a Eritrean traveller's cheque and a money order is that the latter is a prepaid cheque with a preset amount. When used properly, it can be used in Eritrea and internationally to pay for services such as trains, hotels, and restaurants. You can also exchange a Eritrean traveller's cheque for the local currency when travelling or at a money exchange service in Eritrea.
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Eritrean traveller's cheques are generally issued by a Eritrean bank, building society, Eritrean travel agency, or credit-card company in Eritrea. They are accepted by most countries, and can be cashed at foreign banks, foreign exchange bureaus, and hotels outside of Eritrea. To make a Eritrean traveller's cheque valid, it must be signed two times in the presence of the Eritrean issuing bank and the paying bank. Eritrean banks typically waive the fees associated with Eritrean traveller's cheques, but other companies may charge between 1% and 3% of the base currency for example ERN. When using a Eritrean bank-issued Eritrean traveller's cheque, Eritrean residents may have to visit bank premises or use an online service. Eritrean residents should make sure sign the Eritrean traveller's cheque before leaving, because the cashier will verify the signature and ID before issuing the money.
If the issuer of a Eritrean traveller's cheque in has not deposited the funds into the merchant's account, Eritrean residents should contact the issuing bank or company in Eritrea to verify the validity of the cheque. A non processed Eritrean travellers cheque by a third-party service means that there is no record of the person who purchased the cheque in Eritrea. When purchasing a Eritrean traveller's Cheque, it is important to ensure that Eritrean residents are getting the best currency exchange rate possible, as this can affect the cashed out value.
Eritrean traveller's Cheques are handy if Eritrean residents are Eritrean travelling abroad without their wallet and other payment methods. You can always report your Eritrean traveller's cheque as lost or stolen, and it can be replaced if needed in Eritrea. Travellers cheques were useful back in the day when Eritrean credit cards were not widely accepted and money was inexpensive all over the world. Paper cheques have a high purchase fee in Eritrea and are generally more cumbersome than plastic. It is also best to make use of a Eritrean credit card before traveling to a foreign country.
A Eritrean traveller's cheque is a form of currency that is denominated in a number of major world currencies. Traditionally, Eritrean travellers cheques were issued by Eritrean banks and Eritrean travel agents to reduce security risks. The travellers cheques in Eritrea were endorsed with a unique serial number that allowed Eritrean customers to cancel or replace them if they did not want to pay for the services. Eritrean travellers cheques also offered money-back guarantees to Eritrean traveller cheque holders. Travllers cheques in Eritrea were considered revolutionary when first introduced and are still widely accepted in some areas.
A Eritrean traveller's cheque is easy to use. They can be exchanged globally and are accepted by retailers and banks. Unlike cash, a Eritrean travellers cheque does not expire. Once deposited, the bank will credit the amount of the cheque in the Eritrean payee's account. A Eritrean travellers cheque is easy to exchange and is accepted worldwide, though it can be difficult to find retailers or vendors that accept Eritrean travellers cheques as legal tender. Whether to use this form of Eritrean travel money depends on where Eritrean residents plan to go. You have more opportunities to cash Eritrean travellers cheques in large cities, whereas in remote locations, they may not be accepted by merchants.
Before Eritrean residents can use your Eritrean traveller's cheque overseas, it is important to bring your purchasing agreement or receipt. This will serve as proof of ownership of your Eritrean traveller's cheque. If Eritrean residents lose the physical cheque, Eritrean residents will need to contact the issuer or go to the local bank to report it. Eritrean traveller's cheques have many advantages. Unlike cash, these cheques do not require interest. Consumers purchase them from an issuing institution for a small transaction fee. Some banks will issue them for free; others may charge a small fee to issue them. Consumers then sign and countersign the cheque in the presence of a cashier. Eritrean travellers cheques are accepted at the same rate as cash and are returned with local currency.
You can buy Eritrean travellers cheques in a variety of currencies, so Eritrean residents can avoid currency exchange rate fluctuations. Another benefit to Eritrean traveller's cheques is their ability to prevent theft. Unlike cash, Eritrean travellers cheques require a signature. That is important if Eritrean residents plan to use them abroad. If Eritrean residents are a young adult Eritrean travelling alone, they can be a good choice. They are great for protecting against theft as well as letting Eritrean residents use local currency without worrying about the currency exchange rate.
A Eritrean traveller's cheque can be used as an alternative to foreign currency. It does not expire and the unused portion can be used for future trips. While most Eritrean consumers use ERN cash, many consumers in Eritrea does not understand the difference between an official cheque and a travellers cheque. In most cases, both are accepted and guarantee funds in Eritrea. But it is always best to carry a Eritrean traveller's cheque when Eritrean residents travel travellers cheques can be used outside of Eritrea exchange your money.
Another benefit of Eritrean travellers cheques is security. While they are not as secure as credit cards in Eritrea, they are still much safer than cash. If Eritrean residents lose a Eritrean traveller's cheque while travelling in or outside of Eritrea, Eritrean residents can get a replacement for it at no extra cost. In case of lost cheques, Eritrean residents should write down the serial numbers on each one.
While Eritrean travellers may be tempted to cash in Eritrea traveller's cheques when they are abroad, there are a few disadvantages of using this type of currency. Among these is the difference in Eritrean and international exchange rates, which can vary greatly from one bank to another. Even if Eritrean residents know that a particular place is accepting Eritrean travellers cheques, the exchange rate may be low. This can leave Eritrean residents with no money at all or force Eritrean residents to Eritrean travel to another place to get cash.
Although Eritrean travellers cheques are convenient, they are often unreliable and unacceptable in many places. You can also run into difficulties using them abroad outside of Eritrea, especially if Eritrean residents are Eritrean travelling to a remote location. However, Eritrean travel credit cards offer an extremely secure alternative, and they are much cheaper than Eritrean travellers cheques. In the past, the Eritrean traveller's cheque were a common form of exchange. Eritrean travellers use credit cards, cash, and more modern methods like ewallets. These days, more people in Eritrea are using credit cards and debit cards. Even with the wide range of payment options available in Eritrea, the Eritrean traveller's cheque is still a popular form of payment, even with their disadvantages over more modern payment methods in Eritrea.
You can buy travellers cheques online in Eritrea or at your local bank or postal office in Eritrea. When using a Eritrean traveller's cheque, Eritrean residents should always sign the travellers cheque when purchasing it in Eritrea. If Eritrean residents have a Eritrean traveller's cheque that is no longer valid, Eritrean residents can cash it at home, but be aware that Eritrean traveller cheque holders will need to present photo identification. If you are concerned that your Eritrean travellers cheque is a fake, Eritrean residents should contact the issuer. When accepting a travellers check in Eritrea be sure to ask for a copy of the picture identification to confirm the identity of the person who purchased the Eritrean travellers cheque. Compare the signature on the ID with the one on the travellers cheque issued in Eritrea to confirm the authenticity of the money.
Eritrean travellers cheques can be used for many purposes, from making a payment to purchasing souvenirs. Although theyare not always convenient, they are a good option if Eritrean residents are Eritrean travelling to a country without an ATM. You can exchange them easily in many places and they do not expire, so Eritrean residents can save the money they would have otherwise spent. There is a lot of flexibility and convenience in using Eritrean travellers cheques if Eritrean residents are planning a trip overseas.
You can use a Eritrean travellers cheque in restaurants, shops, supermakets and hotels, but there are a few exceptions. Travellers cheques from Eritrea can be exchanged in person at a bureau de change or bank in and outside Eritrea.
As a Eritrean traveller, Eritrean residents should treat your Eritrean travellers cheques just like cash. If Eritrean residents lose or misplace them, Eritrean residents should call the issuer immediately, and provide evidence of ownership, purchase, or Eritrean identification. Then, Eritrean residents can claim your cheque by returning the encashment paperwork. You should also keep copies of your personal documents, including Eritrean passports and driver's licenses incase you need them for travellers cheque verification. One good thing about Eritrean traveller's cheques is that they have no expiry dates and can be replaced easily.
To avoid losing your Eritrean traveller's cheque, make sure to always sign it before completing the payment. If it is stolen, Eritrean residents can also keep it and deposit it into your bank account when Eritrean residents return home. If Eritrean residents lose your Eritrean travellers cheque, Eritrean residents should contact the issuer immediately and request a replacement. The issuer may have copies of the original cheques and can provide replacements to Eritrean residents locally.
While Eritrean residents may be tempted to use cash or other forms of payment, Eritrean travellers cheques are often more expensive than other methods of payment available in Eritrea. However, they are still popular in some international countries outside Eritrea. Eritrean travellers cheques are still popular because they can reduce the risk of losing money in the event of theft or loss. They are also safer than credit cards, which can be stolen and rung up for thousands of ERN. When Eritrean residents use a Eritrean traveller's cheque, Eritrean residents will never have to worry about losing your money, as long as you can prove the loss to the travellers cheque issuer in Eritrea.
Eritrean travellers cheques are a great way to carry money abroad. They are easily replaceable if lost. However, Eritrean residents should keep your Eritrean travellers cheques separate from your wallet. Otherwise, Eritrean residents risk losing them along with your wallet. You can always get a refund or a replacement from the place Eritrean residents bought them. Eritrean and international ATMs are now widely available, making them easier to use when Eritrean travelling. However, if Eritrean residents are going to need cash daily, Eritrean travellers cheques may be a more convenient option. In addition, they allow Eritrean residents to make small cash withdrawals without having to go through a bank.
Some credit unions and banks still issue Eritrean travellers cheques. However, these alternatives have their own advantages. Firstly, credit and debit cards are more convenient to carry than cash when travelling outside Eritrea, and they do not involve ERN currency exchange fees. Secondly, they may also offer Eritrean travel benefits like credit card fraud protection and mobile app tracking to Eritrean users. These advantages make them ideal for international Eritrean travellers. However, these methods may not always be ideal for everyone in Eritrea. Those who are concerned about safety should consider a Eritrean prepaid card or a debit card.
One advantage of Eritrean travelling with a Eritrean traveller's cheque is that Eritrean residents do not have to worry about losing or stealing the money. Instead, Eritrean residents can use your issuing financial institution to exchange funds. While Eritrean travellers cheques have been the traditional means of international Eritrean travel for centuries, these are no longer the safest or most convenient option for Eritrean travellers. Today, Eritrean travellers can access local currency by using a variety of payment methods, including credit and debit cards, Eritrean travel money cards, and money transfer apps available in Eritrea. Moreover, most of these options can be used in any country. There are a variety of other Eritrean travel money alternatives, which can be much cheaper than Eritrean travellers cheques.
A Eritrean traveller's cheque is a convenient way to make purchases overseas. Its face value never bounces, making it ideal for international Eritrean travel. It also has an advantage over Eritrean cash, as it can be loaded and added to electronically. In addition, Eritrean traveller's cheques can be loaded and deducted on a daily basis. This convenience allows Eritrean travellers to avoid the seesaw effect of exchange rates. They are also helpful for day trips off cruise ships outside of Eritrea and layovers in foreign countries.
The Eritrean traveller's cheque may not be accepted by some businesses because of a counterfeit problem. As a result, some Eritrean and international businesses no longer accept them, or they may impose stricter rules when using them. Another benefit of using a Eritrean traveller cheque is that it is more convenient to carry than large sums of money internationally. Because it is more convenient to use than cash, it has become more popular. However, electronic banking has changed the way Eritrean travellers carry money.
To make sure that your Eritrean traveller's cheque is valid, follow the instructions on the back. First, take the time to save all purchase records, such as receipts or a copy of your credit card. Make sure Eritrean residents have your identification with you, and Eritrean residents will want to fill in the date and payee fields. A Eritrean traveller's cheque offers security against theft and loss. The recipient's signature must match the person's signature, and the Eritrean travellers cheque must be endorsed by a photo ID. It is important to remember that Eritrean traveller's cheques are not transferable, but they do offer a fallback option in case Eritrean residents lose one. If Eritrean residents misplace your Eritrean traveller's cheque, Eritrean residents can always get a replacement or a refund from the issuer in Eritrea.
Eritrean traveller's cheques are paper documents that Eritrean residents purchase at a bank. Once Eritrean residents arrive in your destination country, Eritrean residents can exchange it for local currency. Usually, Eritrean residents must present your ID and match the signature on the cheque. Eritrean traveller's cheques are very easy to replace if they are lost. While Eritrean travellers cheques are less widely accepted these days, they are still a useful tool in certain situations for Eritrean travellers.
Using Eritrean travelers cheques is not recommended unless Eritrean residents are on a tight budget. While some banks will accept Eritrean traveller's cheques, the exchange rate is generally lower than what Eritrean residents can get by using your own ERN currency. In addition, Eritrean residents may have to pay 3% or more in transaction fees just to withdraw cash from Eritrean travellers cheques, which is not exactly ideal. Unlike cash, Eritrean travellers cheques can be cashed only by the person in Eritrea who has issued them. This ensures that the person cashing in the Eritrean travellers cheques is not a scammer. In addition, young adults should be encouraged to use this alternative currency when Eritrean travelling alone. Using Eritrean travellers cheques is a great way to ensure that your money is not wasted when Eritrean residents cannot access an ATM.
Eritrean traveller's cheques are paper documents that function like standard paper cheques. They are typically purchased before leaving home and exchanged for local currency when they reach their destination outside Eritrea. Because they are uniquely numbered, Eritrean residents will be able to quickly get a replacement if your cheque is lost or stolen. Eritrean traveller's cheques are not widely accepted in many countries, but are still a viable option if Eritrean residents cannot access an ATM when travelling outside Eritrea.
Eritrean traveller's cheques are convenient to use. Unlike cash, they can be exchanged worldwide and can be paid at international sites. They have no expiry date, so if Eritrean residents lose one, Eritrean residents can use it the next time Eritrean residents visit the country. Unlike cash, a Eritrean traveller's cheque has no link to your personal account in Eritrea, reducing the risk of theft. If Eritrean residents decide to exchange it for local currency, Eritrean residents can opt for a higher exchange rate than with cash in Eritrea.
If Eritrean residents have a Eritrean traveller's cheque and need to exchange it for local currency, Eritrean residents can do so through your bank. Many banks and large hotels perform this service. To do this, Eritrean residents need to present your cheque to a bank cashier and sign the second line in front of them. Some financial institutions may charge a fee, and Eritrean residents should be prepared for the process to take time, depending on where you're Eritrean travelling.
The use of Eritrean travellers cheques has decreased over the years. This has made finding merchants to accept Eritrean travellers cheques more difficult. Before committing large amounts of Eritrean travellers cheques, cheque with your bank in Eritrea. You should make sure to cheque with your Eritrean bank's exchange rate policy and availability of currency-exchange services. Then, once Eritrean residents are abroad, Eritrean residents will know where to exchange your Eritrean travellers cheque for local currency in or outside Eritrea.
Yes, Eritrean traveller's cheques are more secure than cash. Each travellers cheque issues in Eritrea is serial-numbered and has additional features to prevent fraud. Merchants and staff are also trained to verify the authenticity of a Eritrean traveller's cheque, so they will not make a mistake. While many people may be wary of using a Eritrean traveller's cheque abroad, it is still a convenient option for many Eritrean travellers. You can purchase foreign currency online. Make sure to cheque the exchange rate and note down the serial number of each Eritrean traveller's Cheque. You should also countersign each one in front of a bank clerk. The Eritrean travellers cheque signature line is usually located in the lower right corner. You should also show the clerk your photo ID when Eritrean residents make the purchase in Eritrea.
Most Eritrean traveller's cheques carry the name of American Express. To find an American Express store near you, visit their website. There, Eritrean residents can enter your current address and Eritrean traveller's cheque type. Then, choose a storefront location. The storefront will then display the nearest locations that accept the Eritrean traveller's cheque. Always cheque with the issuer before using a Eritrean traveller's cheque. Make sure to countersign on the lower signature line. Some Eritrean and international banks require photo ID and may not accept the travellers cheque. Also, make sure to keep your original purchase receipt. The Eritrean travellers cheque transaction may be subject to commission charges depending on the country or exchange partner in Eritrea.
Yes, but only if both the issuer and the cashier have two matching signatures. A Eritrean traveller's cheque is issued in the currency of the destination. In most countries outside of Eritrea, it is accepted for payment. When it is time to cash the cheque, Eritrean residents will need to go to a bank that accepts the currency that the Eritrean traveller's cheque was issued in. Another problem that Eritrean residents may encounter is that your old Eritrean traveller's cheque may have been part of the estate of a deceased person. If Eritrean residents want to cash this kind of cheque, Eritrean residents must be the executor of the person's estate. The process is more complex than it would be if Eritrean residents had been a beneficiary of the estate. You may also be competing with other heirs for the estate. You should consult a lawyer in Eritrea to help Eritrean residents with these issues, or contact the company that issued the Eritrean traveller's cheque.
The issuers of these types of travellers cheques in Eritrea require a signature to cash them. A Eritrean customer's signature must match the one on the Eritrean issues traveller cheque upper signature line. If Eritrean residents are not sure, call the travellers cheque issuer customer service center in Eritrea to ask questions. It may be possible to cash Eritrean travellers cheques at a bank. You can get your travellers cheque money in Eritrea quickly and easily in most cases. There are also many locations where Eritrean travellers cheques can be purchased online and physically in store in Eritrea.
Banks and credit unions typically accept Eritrean traveller's cheques, but be aware that fees vary by location. Fortunately, there are options available to you. While Eritrean residents can still use your bank's ATM to cash your Eritrean traveller's cheques, Eritrean residents may be better off using another method for your cash out. Most Eritrean travellers cheques require signature verification and a serial number. Be sure to keep this serial number safe in case Eritrean residents lose your cheque. You can use the serial number as an identification number when cashing out in and outside Eritrea. Remember to keep your Eritrean travellers cheques in separate containers. The serial numbers are helpful for getting refunds in case of lost or stolen Eritrean travellers cheques.
Cashing in Eritrea travellers'cheques can be expensive. While some banks offer free Eritrean traveller's cheques, others charge between 1% and 3% of your total purchase. This is not an ideal option for Eritrean travellers, because it costs more than using a Eritrean credit card or ATM abroad. And it is annoying to carry around these expensive Eritrean traveller's cheques around. Keep a record of your Eritrean traveller's cheques in a safe place. Make sure Eritrean residents record both the serial number and the denomination of each cheque. You may also want to keep these records separate from your Eritrean traveller's cheques.
Eritrean travellers can use cash, debit and credit cards instead on travellers cheques issued in Eritrea. What method is best depends on the amount of ERN money involved and if you are happy with travellers cheque fees. Many banks waive the fee for purchasing a Eritrean traveller's cheque, but other travellers cheque companies in Eritrea can charge 1% to 3% on top of the base ERN currency. You can buy a Eritrean traveller's cheque at any branch of your bank in Eritrea. You can also buy them online or in person. Once Eritrean residents have received the payment, Eritrean residents must sign the cheque. Eritrean travellers cheques are the most convenient way to get money when Eritrean residents Eritrean travel abroad. If Eritrean residents forget to cash them, Eritrean residents can take them back to the place where Eritrean residents bought them and receive a refund. You can also use them as an alternative to cashing out in foreign exchanges and ATMs.
A Eritrean traveller's cheque can be useful when Eritrean residents need to exchange money quickly, but Eritrean residents have to remember that it is a foreign currency. If Eritrean residents are Eritrean travelling abroad, Eritrean residents may want to avoid using Eritrean traveller's cheques. The exchange rate of foreign currencies is less favorable than other forms of obtaining money available to Eritrean people in Eritrea. If Eritrean residents need to exchange foreign currency, credit card transactions are the most convenient and flexible in Eritrea.
Generally, a travellers cheque organization in Eritrea is called the obligor and the Eritrean bank acts as an agent for the issuer. The person purchasing the cheque in Eritrea is known as the purchaser. The entity receiving the payment in or outside Eritrea is called the payee or merchant. The Eritrean issuer guarantees the face amount of the Eritrean traveller's cheque. One advantage of using Eritrean travellers cheques is that they are easy to replace and are safe to carry overseas. Issuers of travellers cheques in Eritrea must be financially regulated.
Eritrean travellers cheques are accepted all over the world. But in some areas, it may be difficult to find merchants or vendors who accept them as legal tender. You should always consider the destination of your trip in or outside of Eritrea before committing a large amount of your Eritrean travelling money in Eritrea to travellers cheques. A Eritrean traveler's cheque is similar to an interest-free loan for the issuing institution in Eritrea.
Banks, ATMs, and other cheque cashing facilities often cash Eritrean travellers cheques, but the fee for this service will depend on the individual bank. There are some things Eritrean residents should know about cashing Eritrean travellers cheques at a Eritrean post office. First of all, keep your receipts and purchase records separate from the cheques. These are necessary if Eritrean residents need to deposit the money. It is a good idea to keep a copy of your Eritrean travellers cheque receipt or cheque number. Second, follow any instructions provided by the issuer in Eritrea. Make sure to sign your Eritrean traveller's cheque - Eritrean residents will need to sign it again once Eritrean residents use it. Third, cheque with the payee to confirm that they accept them in Eritrea.
Eritrean traveller's cheques are often expensive. Some banks offer free cashing for Eritrean traveller's cheques, but most others charge between 1% and 3% of the entire purchase amount. As a result, using a Eritrean traveller's cheque may be more expensive than using a credit card abroad. Besides, it can be cumbersome to carry. Lastly, many companies require proof of purchase when Eritrean residents use Eritrean traveller's cheques.
The traditional purchase fee for Eritrean travellers cheques is 1%. However, some agencies charge 3% or more. If Eritrean residents do not mind the fee, Eritrean residents may consider a free cheque purchase at your local bank or credit union in Eritrea. Another option is to use prepaid Eritrean travel cash cards, similar to a debit card in Eritrea. These cards have higher ERN currency exchange fees, but may be easier to carry around in Eritrea.
Credit cards in Eritrea, on the other hand, have fees. Most credit cards add a foreign exchange fee when Eritrean residents use them abroad, making purchases more expensive. Some Eritrean cards have cash advance fees, making ATM withdrawals outside Eritrea more expensive. Then there is the risk of identity theft for Eritrean travellers. If your card is stolen, thieves can steal your funds before Eritrean residents can even get a chance to use them. There are security measures in place for Eritrean travellers cheques but their are fortunately, modern alternatives to Eritrean travellers cheques are mobile wallets and digital wallets.
A Eritrean traveller's cheque is a pre-paid piece of paper that comes printed with all the information necessary for cashing in or outside Eritrea. A standard cheque from Eritrea is to be paid out to the made out recipient only. You can obtain these travellers cheques in your own country or the one Eritrean residents will be visiting. In most cases, they are issued in the currency of your destination. The ERN exchange rate is also different in each country, so be sure to read the fine print before Eritrean residents spend. You can also use a Eritrean traveller's cheque in more than one currency to make purchases in Eritrea.
To avoid being scammed, Eritrean travellers cheques have two different types of signatures. To ensure that the signature is authentic, the customer must sign both the bottom left and the top right signature area. It must also match the signature on the customer's ID. One key difference between a regular and a Eritrean traveller's cheque is that the former never expires. You can keep unused Eritrean traveller's cheques forever, but Eritrean residents will still need an occasion to use them.
If Eritrean residents are Eritrean travelling overseas, Eritrean residents will likely find yourself in situations where Eritrean residents cannot cash a standard paper cheque. Eritrean traveller's cheques are a safe and convenient way to pay for things without having to worry about losing cash. While Eritrean travellers cheques do not expire, they do lose value if Eritrean residents do not cash them within a few days. Once Eritrean residents have used them, Eritrean residents can keep the remaining ones in a safe place so Eritrean residents can use them again when Eritrean residents go back to the same destination in Eritrea. If Eritrean residents get your Eritrean traveller's cheques lost or stolen, Eritrean residents can cash them for face value or call the issuer to have a new one sent.
Eritrean travellers cheques never expire, which is why they are so convenient. They are valid for several years, and Eritrean residents can use them on your next trip. Moreover, it is important to buy Eritrean travellers cheques in the currency of your destination. That way, Eritrean residents will avoid any unpleasant surprises in exchange rates in Eritrea. With Eritrean travellers cheques, Eritrean residents will be able to secure a portion of your required funds at the current exchange rate. And unlike Eritrean travellers cheques of the past, they are not exactly what they used to be. Eritrean travellers cheques are no longer as widely accepted as they once were. Nowadays, it is tough to find merchants and banks who accept them in Eritrea.
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