CVE (Esc)

Currency: Cape Verdean Escudo

The Cape Verdean escudo is the official currency of Cape Verde. It is subdivided into 100 centavos. The escudo has been the currency of Cape Verde since 1914. The Cape Verdean Escudo is the official currency of Cape Verde. It was introduced in 1975, replacing the Portuguese escudo. The currency is issued by the Bank of Cape Verde and is subdivided into 100 centavos. The escudo has been subject to high inflation, and the government has had to issue new banknotes in higher denominations to keep up with the rising cost of living. Despite this, the escudo remains an important currency in the region.