Cape Verde escudo
Definition
Noun: 1. The basic unit of money on Cape Verde: The Cape Verde escudo is the official currency of the Republic of Cabo Verde. It is subdivided into 100 centavos.
Usage
The term "Cape Verde escudo" is used to refer to the currency itself, both in specific amounts and as a general concept. * When discussing financial transactions, prices, or the economy of Cabo Verde. * The currency code is CVE.
Examples
- The price for the souvenir was 500 Cape Verde escudos.
- You need to exchange your euros for Cape Verde escudo before traveling.
- The Cape Verde escudo is pegged to the euro.
Advanced Usage
- The currency's name is often abbreviated as escudo (plural: escudos) when the context is clear, as it is the only currency using that name in modern Africa.
- In Portuguese, the official language of Cabo Verde, the currency is called .
Variants and Related Words
- Escudo: The general term for the unit. Historically, "escudo" was the name of the currency in Portugal and several of its former colonies.
- Centavo: A subunit of the Cape Verde escudo, equal to 1/100 of an escudo.
- CVE: The three-letter ISO 4217 currency code for the Cape Verde escudo.
Synonyms
- Cabo Verde escudo: An alternative, modern spelling reflecting the country's official English name.
- CVE: The official currency code.
Notes
- The Cape Verde escudo replaced the Cape Verdean real in 1914.
- While the country's official name in English is now "Republic of Cabo Verde," the currency is still most commonly referred to in English as the "Cape Verde escudo."
Noun
-
the basic unit of money on Cape Verde; equal to 100 centavos
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