Cape Verde Islands Escudo ( port. Escudo ) - the monetary unit of the Cape Verde Islands in 1914-1977.
| Escudo | |||
|---|---|---|---|
Escudo | |||
| |||
| Codes and Symbols | |||
| Characters | $ • Esc | ||
| Territory of circulation | |||
 Cape Verde | |||
| Derivative and parallel units | |||
| Fractional | Centavo ( 1 ⁄ 100 ) | ||
| Coins and Banknotes | |||
| Coins | 5, 10, 20, 50 centavos, 1, 2 1 ⁄ 2 , 5, 10 escudos | ||
| Banknotes | 4, 5, 10, 20, 50 centavos, 1, 5, 10, 20, 50, 100, 500, 1000 escudos | ||
| Story | |||
| Introduced | 1914 year | ||
| Predecessor currency | Real Cape Verde Islands | ||
| Start of seizure | 1977 year | ||
| Successor currency | Escudo Cape Verde | ||
| Issue and production of coins and banknotes | |||
| Emission Center (Regulator) | National Overseas Bank | ||
| Courses and ratios | |||
| 1 PTE = 1 escudo | |||
Content
History
The first paper money in a Portuguese colony was issued in 1842–1843, and it was issued by the tenant C. Nazolini with the permission of the governor of the colony.
In 1865, a branch of the National Overseas Bank was opened on the island of Santiago . In 1897, the production of banknotes began.
Government Decree of September 18, 1913 No. 141 from January 1, 1914 on Portuguese colonies ( Cape Verde , Portuguese Guinea , Sao Tome and Principe , Angola and Mozambique ) extended the decree of May 22, 1911 to introduce a new real monetary unit - escudo (1000 reais = 1 escudo).
New banknotes were launched in 1914, coins in 1930. Banknotes and real coins continued to be used in circulation and were gradually replaced by banknotes in escudos and centavos.
July 1 in Cape Verde introduced a national currency - the escudo of Cape Verde , the exchange was made 1: 1.
Coins and Banknotes
Coins were minted in 5, 10, 20, 50 centavos and 1, 2 1 ⁄ 2 , 5, 10 escudos [1] .
Banknotes were issued in 4, 5, 10, 20, 50 centavos, 1, 5, 10, 20, 50, 100, 500, 1000 escudos [2] .
Notes
- ↑ Cuhaj, 2011 , p. 340.
- ↑ Salgado, 1997 , pp. 32-36.
Literature
- Salgado JS O Papel Moeda das antigas Colónias Portuguesas. - Lisboa: Fundação Dr. António Cupertino de Miranda, 1997 .-- 114 p.
- Cuhaj G., Michael T., Miller H. Standard Catalog of World Coins 1901-2000. - 39th ed. - Iola: Krause Publications, 2011 .-- 2345 p. - ISBN 978-1-4402-1172-8 .