The real (plural ''réis'') was the currency of

Portuguese Cape Verde Cape Verde was a colony of the Portuguese Empire from the initial settlement of the Cape Verde Islands in 1462 until the independence of Cape Verde in 1975. History 15th century The islands of Cape Verde was discovered in 1444 by Dom Prin ...

until 1914. It was equal to the

Portuguese real The ''real'' (, meaning "royal", plural: ''réis'' or rchaic''reais'') was the unit of currency of Portugal and the Portuguese Empire from around 1430 until 1911. It replaced the '' dinheiro'' at the rate of 1 real = 840 dinheiros and was itself ...

. Portuguese coins were used but banknotes were issued by the

Banco Nacional Ultramarino Banco Nacional Ultramarino (, BNU; ; en, National Overseas Bank) is a Macau banking and financial services corporation. It was a Portuguese bank with operations throughout the world, especially in Portugal's former overseas provinces. It ceased e ...

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 Verde