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Cape Verdean Escudo
The escudo (sign: ; ISO 4217: CVE) is the currency of the Republic of Cape Verde. One escudo is subdivided into one hundred ''centavos''. Amounts are generally written by using the () as the decimal separator, such as for 20 escudos, or for 1000. History The escudo became the currency of Cape Verde in 1914. It replaced the Cape Verdean real at a rate of 1000 = 1 escudo. Until 1930, Cape Verde used Portuguese coins, although banknotes were issued by the Banco Nacional Ultramarino specifically for Cape Verde beginning in 1865. Until independence in 1975, the Cape Verde escudo was equal to the Portuguese escudo. Subsequently, it depreciated, declining by about 30 per cent in 1977–78 and by a further 40 per cent in 1982–84. Thereafter, it remained fairly stable against the Portuguese escudo. In mid-1998 an agreement with Portugal established a pegged rate of 1 Portuguese escudo = 0.55 Cape Verdean escudos. Since the replacement of the Portuguese escudo with the euro, ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] [Amazon] |
Cape Verdean Real
The real (plural ''réis'') was the currency of Portuguese Cape Verde until 1914. It was equal to the Portuguese real. Portuguese coins were used but banknotes were issued by the Banco Nacional Ultramarino specifically for Cape Verde starting in 1865. The real was replaced by the Cape Verdean escudo The escudo (sign: ; ISO 4217: CVE) is the currency of the Republic of Cape Verde. One escudo is subdivided into one hundred ''centavos''. Amounts are generally written by using the () as the decimal separator, such as for 20 escudos, or for ..., at a rate of 1000 réis = 1 escudo. Banknotes In 1865, Portuguese notes were overstamped for use in Cape Verde. In 1897, notes specifically designed for Cape Verde were introduced, in denominations of 1000, 2500 and 5000 réis. Notes for 10,000, 20,000 and 50,000 réis followed in 1909. References * External links {{CapeVerde-stub Currencies of Africa Modern obsolete currencies Economic history of Portugal Portuguese Cape Verd ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] [Amazon] |
