ISO 4217 Code：CVE

User(s)：Cape Verde

Inflation：4.7%

Source：The World Factbook, 2006 est.

Pegged with ：euro = 110.265 escudos

Subunit：

1/100 centavo

Symbol：Esc or $ (cifrão)

Coins：

1, 5, 10, 20, 50, 100 escudos

Banknotes：

100, 200, 500, 1000, 2000, 2500, 5000 escudos

Central bank：Banco de Cabo Verde

Website：http://www.bcv.cv

The escudo is the currency of Cape Verde (Portuguese: Cabo Verde), a former Portuguese colony. Its ISO 4217 code is CVE.

History

The escudo became the currency of Cape Verde in 1914. It replaced the 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 and, since 1999, both escudos were tied, at a rate of PTE 1 = CVE 0.55, or approximately CVE 1 = PTE 1.8182. After the replacement of the Portuguese escudo with the euro, the Cape Verde escudo is pegged to the euro at a rate of EUR 1 = CVE 110.265.

Coins

Under Portuguese rule, coins were introduced in 1930 in denominations or 5, 10, 20 and 50 centavos and 1 escudo. Later issues were made of 50 centavos, 1, 2½, 5 and 10 escudos, with the last dated 1968. After independence, coins were issued in 1977 in denominations of 20 and 50 centavos, 1, 2½, 10, 20 and 50 escudos.

The present coinage was introduced in 1994 in denominations of 1, 5, 10, 20, 50, 100 escudos. It was issued in four series, one with birds, a second with ships, a third with plants and a fourth with native animals. A 200 escudos coin was issued in 2005 to commemorate 30 years of independence.

Banknotes

Banknotes of the 1977 series were in denominations of 100, 500, 1000 escudos. The 1989 series comprised 100, 200, 500, 1000 and 2,500 escudos.

The current, third series was introduced in 1992 in denominations of 200, 500, 1000, with the addition in 1999 of 2000 and 5000 escudos notes. In 2005, the 200 escudos note was redesigned.

Historical exchange rates

DateBrazilian RealEuro¹Portuguese Escudo²United States Dollar1995---76.8531996---82.5911997---93.1771998---98.1581999--1.8182102.700December 1999---107.2852005-110.265obsoleteabout 90February 2006about 40 to 50110.835obsoleteabout 90April 2006about 40 to 50110.25obsolete-January 200739.86110.33obsolete85.36

¹ - currency not in circulation until January 1, 1999

² - currency no longer legal tender as of March 1, 2002

佛得角埃斯库多样币

佛得角埃斯库多铸币

佛得角埃斯库多铸币