Banknotes of Cabo Verde

The official currency of Cabo Verde is the Cape Verdean escudo, issued by the Banco de Cabo Verde. Paper money was first introduced in the country in 1977 after independence from Portugal. One notable event in the currency's history was the redenomination of the escudo in 1999, when the old escudo was replaced at a rate of 1,000 to 1. Collectors are drawn to Cabo Verdean banknotes due to their vibrant designs and use of local themes. The series issued in 2005 features images representing the country's islands, including unique design elements and color palettes that highlight the cultural diversity of the nation. One specific design feature includes the use of intricate patterns inspired by traditional crafts.