The Bank of Cape Verde issued a public warning that Ourivesaria Sofia, Sociedade Unipessoal, Lda., operating under the name “Nova Câmbios”, is not authorised or registered with the central bank to carry out foreign currency exchange or any other financial activity, after its request for authorisation was refused. The notice follows the Bank’s awareness that the firm had been offering foreign exchange services to the public despite the refusal. It identifies the Nova Câmbios premises in Praia on Santiago Island and grounds the warning in the Bank’s supervisory powers under its Organic Law and the legal framework governing the financial system and financial institutions.
Bank of Cape Verde 2025-10-08
Bank of Cape Verde warns that Nova Câmbios is not authorised to provide foreign exchange services
The Bank of Cape Verde has issued a public warning that Ourivesaria Sofia, Sociedade Unipessoal, Lda., trading as "Nova Câmbios", is not authorized to conduct foreign currency exchange or any financial activities. This follows the firm's unauthorized offering of such services despite a refusal of their authorization request. The warning is based on the Bank's supervisory powers under its Organic Law and the financial system's legal framework.