CVE

Cape Verdean Escudo

CVE is the official currency of Cape Verde. It is issued by the Banco de Cabo Verde and is subdivided into 100 centavos.

The escudo has been the currency of Cape Verde since 1914. Since 1999, it has been pegged to the euro at a fixed rate of 1 EUR = 110.265 CVE, supported by a credit facility from Portugal. This peg provides monetary stability and facilitates trade ties with Europe.

Related Terms

EUR

Euro

EUR is the official currency of the Eurozone, used by 20 of the 27 European Union member states. It'...

USD

United States Dollar

USD is the official currency of the United States and its territories. It's the world's primary rese...

Banco de Cabo Verde

Banco de Cabo Verde is Cape Verde's central bank. It sets monetary policy, issues the CVE, and suppo...

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