Countries that use the Cape Verdean escudo

The Cape Verdean escudo was established in 1975 as an official national currency and is used only in Cape Verde. 1 escudo is devided into 100 Centavos.

The Cape Verdean escudo is tied to the euro with a fixed exchange rate. Therefore, 1 escudo always equals to 0.0091 euro.

ISO 4127:

List of all currencies

1.00 Cape Verdean escudos = 0.0098 US dollars

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Exchange rate history 10 CVE in USD

The graph shown here shows the exchange rate development from January 2017 to June 2023. The exchange rate for 10 CVE moved during this time from USD 0.10 to USD 0.10. In these 77 months it fell by 4.4 percent.

Cape Verdean escudo as currency

Cape VerdeWestern Africa

US dollar as currency

American SamoaPolynesia
British Virgin IslandsCaribbean
EcuadorSouth America
El SalvadorCentral America
East TimorSoutheast Asia
Marshall IslandsMicronesia
Federated States of MicronesiaMicronesia
Northern Mariana IslandsMicronesia
Puerto RicoCaribbean
Turks and Caicos IslandsCaribbean
United States of AmericaNorth America
Virgin IslandsCaribbean
British Indian Ocean TerritoryEastern Africa
Caribbean NetherlandsCaribbean
United States Minor Outlying IslandsMicronesia

Currency reserves for the Cape Verdean escudo

According to the International Monetary Fund, the total broad money (M3) amounted to CVE 225.29 billion at the end of 2022. For currency hedging, reserves were held in a total amount of 75.92 billion escudos. This corresponds to a ratio of 1:3.0. Or in other words, 10 of 30 escudos are deposited with a countervalue, which is internationally already above average.

Approximately 6.25 billion escudos (8.2%) of the currency reserves exist in gold reserves. The remainder consists of foreign currencies, special drawing rights in the International Monetary Fund and other reserve positions.

Worldwide currency and gold reserves


All conversion rates are based on data from the European Central Bank.
Data on currency and gold reserves are from the International Monetary Fund.
Currency reservesCurrency and gold reserves worldwideReserve assets and gold holdings in proportion to the money stock. An international comparison of currency hedging.
Comparison: Cost of livingCost of living in a global comparisonRanking of international living costs from 103 countries compared to the US
Hong Kong: Public HolidaysPublic holidays in Hong Kong 2023-2027Statutory and inofficial holidays in Hong Kong for 2023 to 2027