Cape Verde Escudos
Favorite thing: The official currency of Cape Verde is the Cape Verde Escudo (CVE).
The CVE is pegged against the Euro at a rate of 1 Euro = 110 CVE and is a closed currency, meaning that it can only be obtained inside Cape Verde and shouldn't be taken out of the country.
The CVE consists of the following denominations:
Coins: 1, 5, 10, 20, 50 and 100 CVE
Notes: 200, 500, 1000, 2000, 2500 and 5000 CVE
From a practical point of view, Escudos are fairly easy to obtain on the island of Boa Vista. I changed 30 Euros worth (receiving 3,300 CVE, as per the official pegged rate) at the reception desk of the Riu Touareg hotel. There was also an ATM in reception which dispensed CVE notes.
There is an exchange desk and an ATM at Rabil International Airport and a few banks and further ATMs in the capital, Sal Rei.
Most shops, restaurants and hotels on Boa Vista accept Euros, but at the slightly less favourable rate of 1 Euro = 100 CVE.
We didn't find too many opportunities to spend our CVEs while in Boa Vista (we were staying in an all-inclusive hotel and paid for our excursions in Euros, which the local guide and driver preferred), but did purchase a few bottles of Estrela beer (100 CVE for a 330ml bottle in a bar), postcards (50-60 CVE) and souvenir keyrings/magnets (200 CVE). I also purchased a small bottle of the local liqueur, Grog, from a shop in Sal Rei, paying 600 CVE for a 250ml bottle.
Concelho da Boa Vista Hotels
Lote HO 1, Urb. Morrinho de Baguincho, Praia de Salines, , Cape Verde
Good for: Solo
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