The Bank of Cape Verde published a public update on the availability of coins, saying it has been increasing the volume of coins in circulation nationwide in response to concerns about shortages. Coin circulation was reinforced by around 1.4 million coins in CVE 1, CVE 5 and CVE 10 denominations between July and September, representing 60% of the quantity typically placed into circulation annually across all denominations. As of September, 70.5 million coins were in circulation; new production is expected to add 23.8 million coins, bringing the total available to 92.7 million. The Bank also referenced a reinforcement of 5.4 million coins carried out in September 2021 and said 2025 production is 4.4 times larger than that boost. Further reinforcements are planned for CVE 50 coins by the end of October, and CVE 20 and CVE 100 coins by the end of November. The Bank encouraged the public to carry out change and exchange operations through commercial banks and said it is assessing additional ways to distribute coins.
Bank of Cape Verde 2025-10-01
Bank of Cape Verde reinforces coin circulation with 1.4 million coins and plans a further 23.8 million
The Bank of Cape Verde announced an increase in coin circulation, adding 1.4 million coins in CVE 1, CVE 5, and CVE 10 denominations between July and September. This effort addresses concerns about shortages, with total circulation expected to reach 92.7 million coins. Further reinforcements for CVE 50, CVE 20, and CVE 100 coins are planned, and the Bank is exploring additional distribution methods.