Currency

Cabo Verde Escudo (CVE)

Daily Costs

Budget: Less than CVE4500

  • Simple guesthouse room: CVE3600
  • Lunchtime special: CVE450
  • Coffee: CVE80
  • Local aluguer (minibus) ride: CVE100

Midrange: CVE4500-CVE10,000

  • Comfortable hotel room: CVE6200
  • Two-course dinner at mid-range restaurant: CVE1200
  • Beer in bar: CVE150
  • Short taxi ride: CVE180

Top end: More than CVE10,000

  • Luxury hotel room: CVE10,500
  • Two-course dinner at top restaurant: CVE2000
  • Glass of wine: CVE400
  • Car and driver: CVE8000

Bargaining

Unlike in other parts of Africa, heavy bargaining is not expected in Cabo Verde. The exception is when purchasing handicrafts, when there is some expectation of gentle haggling.

Money

Most banks change travellers cheques and cash (except the West African CFA), and have ATMs. Credit cards are not widely accepted.

ATMs

Most accept bank cards and Visa, but tthe daily withdrawal limit is CVE20,000.

Cash

The unit of currency is the Cabo Verde escudo (CVE), divided into 100 centavos. It is a stable currency, pegged to the euro. Most businesses also accept euros.

Credit Cards

Not widely accepted (Visa preferable). Even where accepted, there's typically a 3% to 5% commission for credit-card payments.

Exchange Rates

AustraliaA$1CVE76
CanadaC$1CVE74
Europe€1CVE110
Japan¥100CVE91
New ZealandNZ$1CVE70
UKUK£1CVE131
USAUS$CVE104

Tipping

It's common to tip at restaurants, typically around 5% to 10% of the bill.