Banco de Cabo Verde
Cabo Verde Flag

The Bank

The Bank of Cape Verde was created on September 29, 1975 and was entrusted with the roles of central bank and issuer, foreign exchange authority, treasury, and commercial and development banking. In August 1993, new legislation for the Bank of Cape Verde was approved, allowing the bank to exclusively exercise the role of central bank and assigning the entity increased responsibilities in supervising and controlling the various institutions that are active in the monetary and financial markets, including the insurance sector and the capital markets.

Constitution of the Republic

Article 92
The Bank of Cape Verde is the central bank, and it holds the exclusive right to issue currency.

 


History

The Bank of Cape Verde directly succeeded Cape Verde’s dependences on the Banco Nacional Ultramarino (Portugal) and the Banco de Fomento Nacional.


International Relations

In order to strengthen its international role, the Bank of Cape Verde has been taking a more strategic and proactive stance with regard to the treatment of international affairs, whether through ne...


Legislation

The Bank of Cape Verde is the Central Bank of the Republic of Cape Verde, and as such, holds the power to ensure and regulate the creation, circulation, and the value of the national currency.


Mission and Objectives

The Bank of Cape Verde was created on September 29, 1975 and was entrusted with the roles of central bank and issuer, foreign exchange authority, treasury, and commercial and development banking...


Organic Structure

The main features of the new organizational structure include the updated functions of some departments, notably the DEE (Department of Statistics and Economic Studies), the DMR (Department of Mark...