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Money and costs

Currency
Escudos (CVE)
Exchange Rates
Rates provided by Open Exchange Rates. Last updated July 24, 2016 3:36AM UTC
Daily Costs
Budget (up to)
  • Hotel room CVE3500
  • Lunchtime special CVE400
  • Coffee CVE50
  • Local bus ride CVE100
Midrange
  • Hotel room CVE6000
  • Two-course dinner CVE1000
  • Beer in bar CVE120
  • Short taxi ride CVE150
Top end (more than)
  • Hotel room CVE10,000
  • Two-course dinner CVE1800
  • Glass of wine CVE300
  • Car and driver CVE8000

The unit of currency is the Cape Verde escudo (CVE), divided into 100 centavos. Though not a hard currency, it's stable; in January 2002 it was pegged to the euro. Most businesses also accept euros.

Banks are found in all the main towns and even some of the smaller ones; most have ATMs that accept bankcards and Visa (daily withdrawal limit is CVE20,000).

Many banks change travellers cheques and cash in all the main currencies (except the West African CFA franc).

Credit cards are not widely accepted; Visa is the most widespread. Even where accepted, there's typically a 3% to 5% commission for credit card payments.