Cape Verdean escudo
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| Escudo | |
|---|---|
| Country: | Cape Verde |
| Lowest limit: | 100 Centavos |
| ISO 4217 Code: | CVE |
| Signs and Abbreviations: | CVEsc., CV Esc. |
| Trading: (March 2005) | 1 EUR = 110 CVE |
The official currency of Cape Verde (Portuguese: Cabo Verde), a former Portuguese colony, is the escudo. Its ISO 4217 code is CVE.
Since 1999, the Cape Verde escudo was tied to the Portuguese escudo at a rate of CVE 1 = PTE 1.8182, PTE 1 = CVE 0.55. After the replacement of the Portuguese escudo with the euro, it is currently pegged to the euro at a rate of EUR 1 = CVE 110.265.
National coins were introduced in 1977 to the value of 20 and 50 centavos (1977&1980) escudo coins were denominated at 1 (1977,1980 & 1985), 2.5 (1977,1980 & 1982), 5, 10 and 50 all dated 1977.
Modern coinage was issued in 1994 was in 4 series, with values of 1,5,10,20,50,100 escudos denominations but one withn birds another with ships a third with plants and the last with natve animals.
Banknotes of the 1977 series came in values of 100, 500, 1000 escudos. 1989 series 100, 200, 500, 1000 and 2,500 escudos.
Current 3rd series was issued in 1992 and were denominated as 200, 500, 1000, with the addition in 1999 of 2000 and 5000 Escudo notes. Recently the 200 escudos were reformatted in 2005.
Exchange history
Here were dates that one Cape Verdean Escudo were equalled to other currencies:
| Date | Euro¹ | Portuguese Escudo² | United States Dollar |
|---|---|---|---|
| 1995 | Not yet in circulation | - | 76.853 |
| 1996 | Not yet in circulation | - | 82.591 |
| 1997 | Not yet in circulation | - | 93.177 |
| 1998 | Not yet in circulation | - | 98.158 |
| 1999 | - | 1.8182 | 102.700 |
| December 1999 | - | obsolete | 107.285 |
| 2005 | 110.265 | obsolete | about 90 |
- ¹ - currency not yet in circulation until January 1, 1999
- ² - currency no longer in legal tender as of March 1, 2002
External links
fr:Escudo capverdien pt:Escudo caboverdiano sv:Kapverdisk escudo
