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Currency
The unit of currency is the Cape Verdean escudo (CVE). The CVE is tied to the Euro at CVE 110.265 = 1 Euro. There is a bureau de change at the airport, and local banks will change foreign currency. The hotels changes euros at around 105 CVE. There is an ATM at the international airport and now some in Santa Maria. Visa is accepted only in a few main resort hotels and restaurants, but this is growing all the time. Banks will give cash on credit cards but commissions can be high. If you are looking to purchase a property, it is advisable to open a bank account in Cape Verde, both in CVE and Euros. CVE cannot be transferred out of the country, but euros can.