Bank of Cape Verde

The Bank of Cape Verde (Portuguese: Banco de Cabo Verde) is Cape Verde's central bank. Its headquarter is located on Avenida Amílcar Cabral, in the national capital of Praia on the island of Santiago.[2] Its current governor is João António Pinto Coelho Serra, who is in office since December 2014.[3]

Bank of Cape Verde
Banco de Cabo Verde
HeadquartersAv. Amílcar Cabral, Praia, Cape Verde
Coordinates14.9188°N 23.5091°W / 14.9188; -23.5091
Established29 September 1975
Ownership100% state ownership[1]
GovernorJoão Serra
Central bank ofCape Verde
CurrencyCape Verdean escudo
CVE (ISO 4217)
Reserves490 million USD[1]
Websitewww.bcv.cv

Governors
  • Corentino Santos, 1975-1984[4]
  • Amaro da Luz, 1984-1991[4]
  • Oswaldo Sequeira, 1991-1999[4]
  • Olavo Correia, 1999-2004[4]
  • Carlos Burgo, 2004-2014[4]
  • João Serra, 2014-[4]

History

The government established the Bank of Cape Verde in 1975, as a bank that combined commercial banking and central banking functions. The government created the bank by nationalizing the operations of the Portuguese colonial and overseas bank, Banco Nacional Ultramarino, which had established its first branch in Cape Verde in 1865. In 1993, the government split off the commercial banking functions into the newly established Banco Comercial do Atlântico.[5]

See also

References
  1. https://d-nb.info/1138787981/34
  2. Contacts, Banco de Cabo Verde
  3. CV Governador, Banco de Cabo Verde
  4. https://www.bcv.cv/pt/O%20Banco/Sala%20de%20Imprensa/Arquivo/Documents/BCVNews%20Edi%C3%A7%C3%A3o%20Especial.pdf
  5. "History of the Bank of Cape Verde". Bank of Cape Verde. Retrieved 15 October 2018.
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