Cape Verdean escudo
Worldwide use:
- Cape Verde
Description:
The Cape Verdean Escudo is the official currency of the Republic of Cape Verde. One Cape Verdean Escudo is made up of 100 Centavos. Coins are circulated in 1, 5, 10, 20, 50 and 100 Escudos and banknotes come in 200, 500, 1000, 2000, 2500 and 5000 Escudos. Amounts are written with the currency’s symbol (a cifrão) used instead of a decimal point, for example, 50$00 would be 50 Escados. US Dollars and Euros are also accepted in Cape Verde.
Portuguese coins were used until 1930 but banknotes were first issued in 1865. The smallest coin is the 1 Escudo coin but often traders will round up prices to the nearest five so it is not often used. Cape Verdean Escudo coins feature native animals and plants as well as ships of significant historic interest.
Origin:
The Cape Verdean Escudo was first introduced in 1914 to replace the Cape Verdean Real. One Cape Verdean Escudo was worth 1000 Reales. Originally the Cape Verdean Escudo was pegged against the Portuguese Escudo but when Portugal became part of the European Union it changed to the Euro.
Component units:
- Centavos (100)
Date introduced:
- 1914
Central bank:
- Bank of Cape Verde
Printer:
Mint:
