Cape Verde Escudo

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Escudo
Country: Cape VerdeCape Verde Cape Verde
Subdivision: 100 centavos
ISO 4217 code : CVE
Abbreviation: CVEsc, CV Esc., Cifrão , KEsc
Exchange rate :
(August 27, 2020)

1  EUR  = 110.265 CVE (fixed)

1  EUR  = 110.265 CVE
100 CVE = 0.9069 EUR

1  CHF  = 102.572 CVE
100 CVE = 0.9749 CHF

The Cape Verde Escudo is the currency of the Republic of Cape Verde , an island state off the coast of West Africa . The escudo is divided into 100 centavos . It is issued by the Cape Verde Bank .

The Cape Verde escudo is pegged to the euro. The fixed exchange ratio is 1 EUR = 110.265 CVE; previously 100 PTE = 55 CVEsc.

The Cape Verdean currency may neither be imported nor exported.

history

During the Portuguese colonial administration , the Banco Nacional Ultramarino (BNU) issued the Cape Verde escudo on Cape Verde, which was firmly linked to the Portuguese escudo . The Inspecção do Comércio Bancário , created in 1963, controlled the exchange rate and the flow of money for the BNU.

After the Carnation Revolution in Portugal in 1974 and the subsequent independence of its colonies in 1975, Cape Verde kept the escudo as the designation for its national currency. In 1977, the newly created central bank Banco de Cabo Verde (BCV) issued its own notes for the first time and decoupled the currency from the Portuguese escudo. In the course of Cape Verde's return to the market economy , the Cape Verde escudo was pegged again in 1998 to the Portuguese escudo and in 1999 to the euro .

Coins

The 1 escudo coin depicts a sea turtle. There are three different series of motifs for the values ​​of 5, 10, 20, 50 and 100 escudos: birds, ships and plants.

Banknotes

  • 200 escudos from Cape Verde, issued December 2014, front side, polymer, Henrique Teixeira de Sousa, Fogo, black background visible through transparent plastic

  • 200 escudos from Cape Verde, issued Dec. 2014, back, polymer, Henrique Teixeira de Sousa, Fogo

  • 500 Escudos with a sugar cane mill (donkey drive), 2007, back

  • Banknote, until 2007

  • 2014: new 1000 CVE banknote with Codé di Dona (front)

  • 2014: new 1000 CVE banknote with Codé di Dona (back)

  • 2014: new 2000 CVE banknote with Cesária Évora (front)

  • 2014: new 2000 CVE banknote with Cesária Évora (back)

  • new 5000 CVE banknote (front)

  • new 5000 CVE banknote (back)

  • 100 Escudos (Image: Amilcar Cabral, withdrawn from circulation in 2006, only a coin)
  • 200 Escudos (green, sailing boat and airport, replaced by a new one in 2005, in blue, same motifs, 2014: Fogo motif with Henrique Teixeira de Sousa, this polymer note is reminiscent of the 1-Leu from Romania (2005) and has several design features in common)
  • 500 escudos (replaced by a new one in 2007: sugar cane mill)
  • 1000 escudos (sparrow and grasshopper, replaced by a new one in 2007: Antonio Gonçalves, Dec. 2014 again by a new one: Codé di Dona)
  • 2000 Escudos (new note issued in December 2014: Cesária Évora)
  • 5000 Escudos (woman with a stone on her head, Cidade Velha, the hologram is gold, but there are also a few notes with a silver hologram, replaced by a new one in 2015: Aristides Pereira, back: Boa Vista)

In 2015, all other notes were replaced by new ones with better security features.

Web links

Individual evidence

  1. ↑ History of the Central Bank of Cape Verdean on its own website, accessed on May 17, 2014
  2. ↑ http://noticias.sapo.cv/info/artigo/1425448.html