Establishment of Bank of Cape Verde

Following the independence of Cabo Verde in 1975, the establishment of the Bank of Cabo Verde marked a pivotal moment in the nation's economic history. The bank was created to regulate and supervise the country's financial system, aiming to stabilize and promote economic growth. With the introduction of the national currency, the Cape Verdean Escudo, the Bank of Cabo Verde played a crucial role in issuing and managing the new currency, enhancing monetary stability. It also facilitated financial services, such as loans and credit, to support local businesses and stimulate development. The establishment of the Bank of Cabo Verde had a lasting impact on the country's economy, providing a solid foundation for financial operations and fostering economic resilience. The bank's interventions have contributed to maintaining a stable financial environment, attracting investments, and supporting sustainable growth. #BankOfCaboVerde #EconomicStability #FinancialDevelopment #CaboVerdeHistory