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Current events; Random article; ... This is a list of countries by annualized interest rate set by the central bank for charging ... Cape Verde: 1.50 0.25: 16 May 2024
The economy of Cape Verde is a service-oriented economy that is focused on commerce, trade, transport and public services. [6] Cape Verde is a small archipelagic nation that lacks resources and has experienced severe droughts. Agriculture is made difficult by lack of rain and is restricted to only four islands for most of the year.
At the end of 2017, the market capitalisation was 68.4 billion escudos, [3] which equals 621 million euro. The operating structure of the Cape Verde stock exchange combines the auctioning system with quote-driven systems in order to support larger market liquidity. The market deployed huge efforts to re-structure itself in line with the best ...
Price level indexes (PLIs), with the world average set at 100, are calculated by dividing the purchasing power parities (PPPs), where 1 PPP equals 1 US dollar in the US, by the market exchange rates, also equated to 1 US dollar. These ratios are then adjusted to align with the global average, which is standardized at 100.
Cape Verde (/ ˈ v ɜːr d (i)/ ⓘ, VURD(-ee)) or Cabo Verde (/ ˌ k ɑː b oʊ ˈ v ɜːr d eɪ / ⓘ KAH-boh VUR-day, / ˌ k æ b oʊ-/ KAB-oh -, [ˈkabu ˈveɾdɨ]), officially the Republic of Cabo Verde, is an island country and archipelagic state of West Africa in the central Atlantic Ocean, consisting of ten volcanic islands with a combined land area of about 4,033 square kilometres ...
However, excluding the pegged (fixed exchange rate) currencies, there are only 130 currencies that are independent or pegged to a currency basket. Dependencies and unrecognized states are listed here only if another currency is used on their territory that is different from the one of the state that administers them or has jurisdiction over them.
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Cape Verde joined the World Bank in November 20, 1978, after declaring its independence from Portugal in 1975. [1] The first agreement with the IDA occurred on February 8, 1983, supporting the Praia Port Project for the amount of $7,200,000. Since then 45 other projects have been approved through the World Bank totaling in $445,200,000. [2]