Banco de Cabo Verde holds the exclusive right to issue banknotes and coins, including commemorative ones. For their holders, banknotes constitute a claim on BCV in the amount of their denomination.
Fake money is legitimate and genuine money (banknote or coin) whose face value or other feature has been changed, with the intention of making it circulate. An example would be to add a “0” to a 500$00 banknote, with its face value increasing from 500$00 to 5000$00.
1. What entity is authorized to issue banknotes and coins in Cabo Verde?