Anton Isidore on Nostr: Cape Verde Is interesting country. Two currencies are used here simultaneously: ...
Cape Verde Is interesting country. Two currencies are used here simultaneously: Escudo and Euro.
Escudo is pegged to euro at rate 110.265.
But sreet practice is to use 1 euro as 100 escudos so for tourists it's a bit more expensive to pay with euro. But to be fair, if you get change in euros (and it's fairly common, at least in tourist parts of the Islands) it's also is this rate.
ATMs are limited to 20000 escudos per day. Bank will change you any amount but you have to show passport/ID.
Paying with card will cost you 3-4% as merchants will usually pass this cost onto you.
And finally, getting money into the country will cost 7-10% in bank/western union fees.
Escudo is pegged to euro at rate 110.265.
But sreet practice is to use 1 euro as 100 escudos so for tourists it's a bit more expensive to pay with euro. But to be fair, if you get change in euros (and it's fairly common, at least in tourist parts of the Islands) it's also is this rate.
ATMs are limited to 20000 escudos per day. Bank will change you any amount but you have to show passport/ID.
Paying with card will cost you 3-4% as merchants will usually pass this cost onto you.
And finally, getting money into the country will cost 7-10% in bank/western union fees.