Cabo Verde

Jun 28, 2023 4:34 PM

Cabo Verde, also known as Cape Verde, is an island country located off the coast of West Africa. The official currency of Cabo Verde is the Cabo Verdean escudo (CVE). The history of currency notes in Cabo Verde dates back to the time when it was a Portuguese colony and later gained independence.

Prior to independence in 1975, the currency used in Cabo Verde was the Portuguese escudo (PTE). However, after gaining independence, Cabo Verde introduced its own currency, the Cabo Verdean escudo. The first series of Cabo Verdean escudo banknotes were issued in 1977 by the Banco de Cabo Verde (Bank of Cabo Verde), the country's central bank.

Over the years, several series of currency notes have been introduced in Cabo Verde, featuring various designs, security features, and denominations. The banknotes depict important figures, landmarks, and cultural symbols of Cabo Verde. The designs often highlight the country's natural beauty, marine life, historical figures, and traditional arts.

The denominations of Cabo Verdean escudo banknotes typically include 200, 500, 1000, 2000, 2500, 5000, and 10000 escudos. Each banknote has its own distinct color scheme and security features, including watermarks, security threads, and holographic elements, to prevent counterfeiting and ensure the integrity of the currency.

The Banco de Cabo Verde periodically reviews and updates the design of the currency notes to incorporate new security features and improve durability. These efforts aim to maintain the trust and confidence in the currency among the population and ensure the smooth functioning of the economy.

In summary, Cabo Verde has a history of currency notes that began with the introduction of the Cabo Verdean escudo after gaining independence. The banknotes feature unique designs and security features that represent the country's culture, history, and natural beauty. The Banco de Cabo Verde continues to play a crucial role in issuing and maintaining the integrity of the currency in the country.