Headquarters | Av. Amílcar Cabral Praia, Cape Verde |
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Established | 29 September 1975 |
Governor | João Serra |
Central bank of | Cape Verde |
Currency |
Cape Verdean escudo CVE (ISO 4217) |
Website | www.bcv.cv |
The Bank of Cape Verde (Portuguese: Banco de Cabo Verde) is Cape Verde's central bank. It is located in the national capital of Praia on Santiago in Cape Verde and is headquartered at Avenida Amílcar, it is also located north of Praça Alexandre Albuquerque. Its current governor is João (António Pinto Coelho Serra) who is since 2016.
Its logo colors are blue and yellow, two of the colors of the Cape Verdean flag. It has a bill shaped in the letter C, the first letter of the nation's name and the bank.
The government established the Bank of Cape Verde in 1975, as a bank that combined commercial banking and central banking functions. The government created the bank by nationalizing the operations of the Portuguese colonial and overseas bank, Banco Nacional Ultramarino, which had established its first branch in Cape Verde in 1865. In 1993, the government split-off the commercial banking functions into the newly established Banco Comercial do Atlantico, which it then privatized after 1998
Between 1989 and 1994, Ulisses Correia e Silva was president of the bank, he is currently Prime Minister of Cape Verde.