Cape Verde escudo

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Noun1.Cape Verde escudo - the basic unit of money on Cape Verde; equal to 100 centavos
centavo - a fractional monetary unit of several countries: El Salvador and Sao Tome and Principe and Brazil and Argentina and Bolivia and Colombia and Cuba and the Dominican Republic and Ecuador and El Salvador and Guatemala and Honduras and Mexico and Nicaragua and Peru and the Philippines and Portugal
Cape Verde monetary unit - monetary unit on Cape Verde
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References in periodicals archive ?
A spokesperson for the Bank of Cape Verde has indicated that the country's foreign reserves would have to be increased from the current level of 13m euros to 20m euros in order to achieve the latter but added that the switch from the Cape Verde escudo was certainly being considered and was feasible.
The European Commission recommended on November 19 the adoption of a Council Decision to confirm the future relations between the Euro and the Cape Verde Escudo. The aim is to ensure that the present arrangement, under which the convertibility of the Cape Verde Escudo into the Portuguese Escudo at a fixed parity is ensured by aid of a limited credit facility provided by the Portuguese Government, should not be materially affected by the transition to the Euro.
The currency used in Cape Verde is Cape Verde Escudo (CVE).