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]
| Headquarters | Av. Amílcar Cabral, Praia, Cape Verde |
|---|---|
| Coordinates | 14°55′08″N 23°30′33″W / 14.9188°N 23.5091°W |
| Established | 29 September 1975 |
| Ownership | 100% state ownership[1] |
| Governor | João Serra |
| Central bank of | Cape Verde |
| Currency | Cape Verdean escudo CVE (ISO 4217) |
| Reserves | 490 million USD[1] |
| Website | www |
Governors edit
- 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, 2014-2020[4]
- Óscar Humberto Évora Santos, 2021 - [5]
History edit
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.[6]
See also edit
References edit
- ^ a b Weidner, Jan (2017). "The Organisation and Structure of Central Banks" (PDF). Katalog der Deutschen Nationalbibliothek.
- ^ Contacts, Banco de Cabo Verde
- ^ CV Governador, Banco de Cabo Verde
- ^ a b c d e f "BCV News" (PDF). www.bcv.cv.
- ^ "Bank of Cape Verde". Central Banking. 2015-08-12. Retrieved 2023-06-20.
- ^ "History of the Bank of Cape Verde". Bank of Cape Verde. Retrieved 15 October 2018.
External links edit
- Official website of the Banco do Cabo Verde