INFORMATION ABOUT CAPE VERDE ESCUDO
We show the updated today’s value/price of Cape Verde escudo (CVE).You can get the exchange from Cape Verde escudo to another currency by introducing the value or amount of Cape Verde escudo (CVE) in the box and clicking the convert button. This way you can get the Cape Verde escudo’s price in relation to other currencies.
INTRODUCTION TO THE CAPE VERDE ESCUDO
The escudo is the currency of Cape Verde since 1914. It was replaced by the real. Until 1930, the currencies of Portugal were used; however the bills were issued by the National Bank of Ultramarine since 1865. Until 1975, the year of the Cape Verde’s independence, the Cape Verde escudo was similar to the Portuguese escudo. Since Portugal adopted the euro (EUR) the Cape Verde escudo was in a reference rate of the euro. It is used by approximately five hundred and twenty thousand people. You can check the today value of the Cape Verde escudo and check its price.
The Banco de Cabo Verde is an organization created in 1975. It combines the functions of central and commercial bank. It is the exchange authority and it monitors developing commercial banks. Since the Nueva Ley Orgánica del Banco in 1993, it performs functions of Central Bank and it is responsible of supervise and monitor the different institutions participating in currency and finances market, including insurance industry and capital market.
Countries that use the currency: Cape Verde
Name: CAPE VERDE ESCUDO
Symbol: Esc, $
Bills: 200$, 500$, 1000$, 2000$, 2500$, 5000$
Coins: cent 1/100 of 1$. 1, 5, 10, 20, 50, 100$.
Issuing Agent: Banco de Cabo Verde Web: http://www.bcv.cv/