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Cape Verde Monetary Unit

Description:

The Cape Verde Monetary Unit refers to the currency used in Cape Verde, a country located on an archipelago in the Atlantic Ocean off the coast of West Africa. The official currency of Cape Verde is the Cape Verdean escudo (CVE), divided into 100 centavos. Introduced in 1914, the Cape Verdean escudo serves as an essential medium of exchange in the country.

Senses:

Sense 1:

The Cape Verde Monetary Unit is the official currency of Cape Verde, issued and regulated by the Bank of Cape Verde.

Usages:

Usage 1 (As a Currency):

The Cape Verde Monetary Unit, the Cape Verdean escudo (CVE), is used by both locals and tourists for various transactions within Cape Verde.

Usage 2 (Currency Exchange):

When travelling to Cape Verde, it's necessary to exchange your native currency for the Cape Verde Monetary Unit, as it is widely accepted throughout the islands.

Sample Sentences:

1. The price of the souvenir was 500 Cape Verde Monetary Units.

2. I exchanged my Euros for Cape Verdean escudos at the airport currency exchange.

3. The Cape Verde Monetary Unit has a stable exchange rate with the Euro.

Related Products (Amazon search links):

• Cape Verde Currency
• Cape Verde Escudo
• Cape Verde Banknotes