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250 Escudos Independence - Discovery
| Issuer | Banco de Cabo Verde |
|---|---|
| Year | 2010 |
| Type | Log in to see details |
| Value | 250 Escudos |
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| Composition | Log in to see details |
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|---|---|
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| Reverse description | A large and finely detailed representation of a Portuguese caravel under full sail occupies the left and centre of the field, evoking the vessels used during the Age of Discovery. To the upper right, the denomination '250 ESCUDOS' is prominently inscribed in two lines. In the lower right, the legend 'DESCOBERTA DE CABO VERDE' appears above the date range '1460 - 2010', accompanied by the numeral '550' and the word 'ANOS', commemorating the 550th anniversary of the discovery of the Cape Verde archipelago. |
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| Edge | Reeded |
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| Additional information |
Cape Verde gained independence from Portugal on July 5, 1975, and this 2010 issue marks 35 years of that separation — though the relationship between the escudo and Portuguese monetary structures remained complicated long after the political break. The Cape Verdean escudo was pegged to the Portuguese escudo in 1998, then automatically inherited a fixed peg to the euro when Portugal joined the eurozone, a arrangement underwritten partly by Portugal's own central bank reserves.
The "Discovery" pairing in the title references the Portuguese arrival in the uninhabited archipelago around 1456, attributed variously to Diogo Gomes and Álvise Cadamosto depending on which historical account one follows.