Bank of Cape Verde

Bank of Cape Verde
Banco de Cabo Verde
Headquarters	Av. Amílcar Cabral Praia, Cape Verde
Established	29 September 1975
Governor	João Serra
Central bank of	Cape Verde
Currency	Cape Verdean escudo CVE (ISO 4217)
Website	www.bcv.cv

The Bank of Cape Verde (Portuguese: Banco de Cabo Verde) is Cape Verde's central bank. It is located in the national capital of Praia on Santiago in Cape Verde and is headquartered at Avenida Amílcar Cabral, it is also located north of Praça Alexandre Albuquerque. Its current governor is João (António Pinto Coelho Serra) who is since 2016.^[1]

Logo

Its logo colors are blue and yellow, two of the colors of the Cape Verdean flag. It has a bill shaped in the letter C, the first letter of the nation's name and the bank.

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 Atlantico, which it then privatized after 1998^[2]

Between 1989 and 1994, Ulisses Correia e Silva was president of the bank, he is currently Prime Minister of Cape Verde.

Governor

José Ulisses de Pina Correia e Silva, 1989 until 1994
Carlos Burgos, up to 2014
Humberto Brito, 2014^[3]-May 2016
João Serra - current president since 2016

References

↑ "Organigrama" (in Portuguese). Bank of Cape Verde. Retrieved 31 May 2016.
↑ "History of the Bank of Cape Verde" (in Portuguese). Bank og Cape Verde. Retrieved 25 November 2015.
↑ Ex-ministro Humberto Brito nomeado Governador do Banco de Cabo Verde [Ex-Minister Humberto Brito Became Governor of the Bank of Cape Verde]. RDP África. 29 September 2014

External links

Official website of the Banco do Cabo Verde

Central banks
Global	Bank for International Settlements Basel Committee on Banking Supervision Financial Stability Board
Policies	Capital requirement Contractionary monetary policy Expansionary monetary policy Basel II Basel III Basel 4
Implementation	Capital control Discount rate Interest rates Money creation Open market operation Sovereign wealth fund
Bretton Woods system	International Monetary Fund World Bank Group International Bank for Reconstruction and Development International Centre for Settlement of Investment Disputes International Development Association International Finance Corporation Multilateral Investment Guarantee Agency
Lists	List of central banks Central banks and currencies of Africa Central banks and currencies of Asia-Pacific Central banks and currencies of the Caribbean Central banks and currencies of Europe Central banks and currencies of Central America and South America

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