Praia, Cape Verde: the first 3 denominations of the new Cape Verde banknote family were issued into circulation in December 2014. The 200 and 1000 Escudos were issued into circulation on 23rd December and the 2000 the following day. Designed and manufactured by De La Rue, the 200 Escudos is on Safeguard® polymer substrate whilst the 1000 and 2000 Escudos are on cotton paper.
In keeping with previous series, the new banknotes are very colourful and vibrant, using a wide colour palette and the most sophisticated range of security features including colour changing security threads and holographic elements. The notes depict famous Cape Verdean artists from the worlds of literature and music together with accompanying imagery of landscapes and musical instruments. The remaining two denominations of the new family will be issued in 2015.
At the launch Dr Antonia Lopes, Director of the Issue, Treasury and Payment Systems Department said “The new notes dignify famous Cape Verdean figures from music, literature and politics who come from the various islands of our country. We have worked with De La Rue for many years and appreciate the support that we have received from the company during this new family project”.
“We are honoured to have been entrusted with the design and production of this stunning new family of notes and very much look forward to the official launch” commented Ruth Euling, Sales Director, “We place great importance on building long term partnerships with our customers and working alongside them to develop their projects.”
Clare Lloyd Williams
Marketing Communications Manager, De La Rue
Tel: +44 (0) 1256 605000
About De La Rue plc:
De La Rue is a leading commercial banknote printer, security paper maker and provider of security products and software solutions and, as a trusted partner of governments, central banks and commercial organisations around the world, is at the forefront of the battle against the counterfeiter.
As the world’s largest commercial banknote printer, De La Rue provides customers with a fully integrated range of sophisticated products and services which are available either individually or as a whole. This includes a leading design capability, production of innovative security components, manufacture of security paper and polymer substrates and sophisticated printing of banknotes, all contributing to trust in the integrity of currencies.
De La Rue is the world’s largest commercial passport manufacturer in an environment of increasing global concern over security at national boundaries and border control. De La Rue also produces a wide range of other security products, including tax stamps for governments who are seeking to combat illicit trade and collect excise duties. Other products include authentication labels, assuring purchasers of product validity, and government identity documents. In addition the Group manufactures high speed cash sorting and banknote inspection equipment.
The company also provides a range of specialist services and software solutions including government identity schemes, product authentication systems and cash management processing solutions.
De La Rue is listed on the London Stock Exchange (LON:DLAR)
About Banco de Cabo Verde:
The Bank of Cape Verde was created on September 29, 1975 and was entrusted with the roles of central bank and issuer, foreign exchange authority, treasury, and commercial and development banking. In August 1993, new legislation for the Bank of Cape Verde was approved, allowing the bank to exclusively exercise the role of central bank and assigning the entity increased responsibilities in supervising and controlling the various institutions that are active in the monetary and financial markets, including the insurance sector and the capital markets.