Which African country uses the Cape Verdean escudo?

Which African country uses the Cape Verdean escudo? Cape Verde uses the Cape Verdean escudo as its national currency.

The escudo became Cape Verde’s currency in 1914, replacing the Cape Verdean real at a rate of 1 escudo for 1,000 réis. During Portuguese rule, it was closely linked to Portugal’s monetary system, and the Cape Verdean escudo remained equal to the Portuguese escudo until Cape Verde became independent in 1975.

Today, the currency is issued by the Bank of Cape Verde and has the ISO code CVE. Its value has been pegged to the euro since 1998, at 1 euro to 110.265 escudos. The cifrão symbol is often used in prices, which can look similar to a dollar sign.

A common mix-up is São Tomé and Príncipe, another Portuguese-speaking island country that historically used an escudo. Its modern currency is the dobra, whereas Cape Verde still uses the escudo.