Cape Verdean escudo
| Cape Verdean escudo | |
|---|---|
| escudo cabo-verdiano (Portuguese) | |
Current coins
|
|
| ISO 4217 | |
| Code | CVE |
| Denominations | |
| Subunit | |
| 1/100 | centavo (discontinued) |
| Symbol |
 , $, or Esc |
| Banknotes | 200, 500, 1000, 2000, 2500, 5000 |
| Coins | |
| Freq. used | 1, 5, 10, 20, 50, 100 |
| Rarely used | 200, 250 |
| Demographics | |
| User(s) |
 Cape Verde
|
| Issuance | |
| Central bank | Bank of Cape Verde |
| Website | www |
| Valuation | |
| Inflation | 0.6% |
| Source | September 2015 |
| Pegged with | euro (€1 = CVE$110.265) |
The escudo (sign: ;ISO 4217: CVE) is the currency of the Republic of Cape Verde.
Amounts are generally written by using the cifrão as the decimal separator, such as 2000 for 20 escudos, or 1.00000 for 1000.
The escudo became the currency of Cape Verde in 1914. It replaced the Cape Verdean real at a rate of 1000 réis = 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 1977-8 and by a further 40 per cent in 1982–84. Thereafter, it remained fairly stable against the Portuguese escudo.
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Wikipedia