The real (plural ''réis'') was the currency of

Portuguese Cape Verde Cape Verde was a colony of the Portuguese Empire from the initial settlement of the Cape Verde Islands in 1462 until the independence of Cape Verde in 1975. History 15th century The islands of Cape Verde were discovered in 1460-62 by Pri ...

until 1914. It was equal to the

Portuguese real The ''real'' (, meaning "royal", plural: ''réis'' or rchaic''reais'') was the unit of currency of Portugal and the Portuguese Empire from around 1430 until 1911. It replaced the '' dinheiro'' at the rate of 1 real = libras = 70 soldos = 840 din ...

. Portuguese coins were used but banknotes were issued by the

Banco Nacional Ultramarino Banco Nacional Ultramarino (, BNU; ; ) is a Macau banking and financial services corporation. It was historically a Portuguese bank with operations throughout the world, especially in Portugal's former overseas provinces. It ceased existence as ...

specifically for Cape Verde starting in 1865. The real was replaced by the Cape Verdean escudo, at a rate of 1000 réis = 1 escudo.

Banknotes

In 1865, Portuguese notes were overstamped for use in Cape Verde. In 1897, notes specifically designed for Cape Verde were introduced, in denominations of 1000, 2500 and 5000 réis. Notes for 10,000, 20,000 and 50,000 réis followed in 1909.

References

External links

{{CapeVerde-stub Currencies of Africa Modern obsolete currencies Economic history of Portugal Portuguese Cape Verde