The official currency in Cape Verde is the Cape Verdean escudo (CVE). In practice, the islands are easy enough to manage financially, but travellers have a better experience when they know where cash still matters, when cards work well and how prices often relate back to the euro.
This guide explains the basics of money in Cape Verde, including using euros, typical costs and how much cash to carry.
Cape Verde currency at a glance
The key facts before you book the trip.
| Official currency | Cape Verdean escudo (CVE) |
| Euro relationship | The escudo is pegged to the euro |
| Cards | Common in hotels and many restaurants, less universal in small local places |
| Cash | Useful for taxis, markets, tips and small cafés |
What currency does Cape Verde use?
Cape Verde uses the Cape Verdean escudo, abbreviated as CVE. Because the currency is linked to the euro, euro-based budgeting is relatively intuitive for many European travellers. You may still hear prices discussed informally with the euro in mind, especially in tourist areas.
Can you use euros in Cape Verde?
Sometimes, yes — especially in tourist zones, hotels and certain excursions — but you should not rely on it everywhere. Even if euros are accepted, change is often given in escudos. For smoother day-to-day spending, it is best to have local cash.
Cards vs cash: what works best?
On the main tourist islands, cards are widely accepted in better hotels, many restaurants and some shops. However, cash remains important for taxis, small local businesses, some ferries, market purchases and tips. The best approach is to use a card for larger payments and keep cash for everyday flexibility.
How expensive is Cape Verde?
Cape Verde is not a bargain-basement destination, but it is usually manageable for European travellers. Imported goods can push prices up, especially on smaller islands. Resort islands such as Sal may feel more expensive than local cafés on Santiago or São Vicente. Your budget will depend heavily on whether you stay in resorts or guesthouses and how many transfers or guided trips you book.
Do you tip in Cape Verde?
Tipping is appreciated but not always expected in a formal way. In restaurants, rounding up or leaving a small percentage for good service is common. For guides, drivers and hotel staff, a modest tip is welcomed when service has been helpful.
ATM and money tips
ATMs are available on the main islands and in the main towns, but it is wise not to leave everything until the last minute, especially before travelling to smaller islands. Carry enough cash for the day and keep a backup card. As always, notify your bank if needed and watch foreign transaction fees.
Frequently asked questions about Cape Verde currency
What currency is used in Cape Verde?
The Cape Verdean escudo (CVE).
Can I pay with euros in Cape Verde?
Sometimes, but not everywhere. It is better to keep some local currency for everyday use.
Do I need cash in Cape Verde?
Yes. Cash is still useful for taxis, small shops, tips and local restaurants.
Is Cape Verde expensive?
It is generally moderate by European standards, though imported goods and resort areas can raise prices.
Our tips for your trip to Cape Verde currency
- Withdraw some local cash soon after arrival, but do not carry more than you need for the day.
- Use cards for larger hotel or restaurant bills and cash for small everyday spending.
- On smaller islands, assume cash is more important.
- Keep a little CVE for your departure day in case you need a taxi, water or snack.