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1. What entity is authorized to issue banknotes and coins in Cabo Verde?

Banco de Verde has the exclusive right to issue banknotes and coins, including commemorative ones.

2. What is the legal tender and discharging power of Cabo Verde Escudo banknotes and coins?

The legal tender of banknotes and coins means that they must be accepted as a means of payment, at their face value, that is, at the value inscribed in them, throughout the national territory. And the ability of a banknote and coin to make payments is called discharging power.

 3. What banknote and coin denominations currently exist?

There are 200-, 500-, 1000-, 2000- and 5000-escudo banknotes.

And 1-, 5-, 10-, 20-, 50- and 100-, 200- and 250-escudo coins, the latter two being commemorative coins. 

4. Can I make payments with commemorative coins or for numismatic purposes?

Yes. Commemorative coins are issued to celebrate an event or in honor of a persons, reflect the same features as currencies and can be used as a means of payment.
No one may be required to receive more than CVE 5,000 in commemorative coins in any payment.

5. Can I reproduce or imitate banknotes and coins for distribution?

No. The imitation or reproduction of Cabo Verde escudo banknotes and coins, in whole or in part and by any technical process, as well as the distribution of these reproductions or imitations, are explicitly prohibited. In justified circumstances, namely for teaching purposes, and provided that the reproductions are not likely to be confused with real banknotes, the Bank may authorize reproduction or imitation.
Reproduction or imitation is a crime punishable by law.

6. Is it possible for a visually impaired person to identify and differentiate banknotes?

Yes. All of our banknotes have several features to help visually impaired people understand the difference between them. Each denomination of banknotes is of a different size: the higher the value, the larger the banknote. There is also a tactile feature created by a series of raised dots specifically designed to facilitate the identification of banknotes by the blind, located on the front left side of the banknotes.

7. After the announcement that a banknote or coin has been withdrawn from circulation, am I unable to make payments with that banknote or coin?

No. There are two moments after the announcement that a banknote or coin has been withdrawn from circulation. In the first moment, Banco de Cabo Verde sets and publicly announces the deadline for exchanging banknotes or coins of any type that will be withdrawn from circulation. During this period all exchanges are made only at commercial banks.
In the second moment, after the deadline has passed, the banknotes and coins cease to have discharging power and may therefore not be accepted in payments. But Banco de Cabo Verde still has an obligation to receive and pay them until 10 (ten) years have elapsed. That is, banknotes are exchanged only at Banco de Cabo Verde.

8. I have a damaged or mutilated banknote in my possession. What should I do?

You should go to Banco de Cabo Verde and bring your ID and a document issued by the competent authorities, namely the police or the fire department, where you have reported it, or a written explanation justifying the condition of the banknote. The banknote will be tested, and if there is a well-founded suspicion or knowledge that a wrongdoing has been committed or that the banknote has been intentionally mutilated or damaged, Banco de Cabo Verde will not replace it.

9. Is putting or trying to put fake or counterfeit banknotes and coins into circulation a crime?

Yes, it is a crime punishable by law. Under no circumstances should you keep, put or attempt to put a fake banknote into circulation. And, if you suspect that the banknote is counterfeit or fake or have information about counterfeiting activities, report it immediately to the Judiciary Police, a commercial bank or Banco de Cabo Verde.

10. What should I do if I have a fake or counterfeit banknote?

If you suspect that the banknote is counterfeit or fake, or if you have information about counterfeiting activities, go to the Judiciary Police, a credit institution or Banco de Cabo Verde immediately to verify the authenticity of the banknote.