30/06/2020: Introduction of new banknotes
New banknotes of the Croatian kuna were introduced to enhance security features and improve durability.
04/05/2020: COVID-19 impact on currency
The outbreak of COVID-19 and its economic consequences led to a depreciation of the Cape Verdean escudo against major international currencies due to reduced tourism and economic activity.
30/09/2017: New escudo banknotes issued
Cape Verde introduced a new series of banknotes for the escudo, featuring enhanced security features, updated designs, and improved durability.
31/12/2014: End of the peg to the euro
Cape Verde decided to abandon the peg to the euro, shifting to a managed float exchange rate system to allow the currency to fluctuate based on market forces.
30/06/2013: Croatia becomes EU member
Croatia officially became a member of the European Union, strengthening the integration of the kuna within the European financial system.
30/06/2008: The Croatian National Bank takes over currency issuance
The Croatian National Bank started issuing all denominations of kuna banknotes, taking over this responsibility from the Croatian Monetary Institute.
01/01/2005: Decimalization of the escudo
The Cape Verdean escudo underwent a decimalization process, with the subdivision of 1 escudo into 100 centavos.
30/06/2004: Croatia joins EU Exchange Rate Mechanism
Croatia joined the European Union Exchange Rate Mechanism, a precursor to adopting the Euro as the country's currency.
14/11/1999: Currency stabilization
The Croatian National Bank implemented measures to stabilize the value of the kuna, reducing inflation and ensuring economic stability.
01/01/1998: Currency pegged to the euro
The Cape Verdean escudo was pegged to the euro at a fixed exchange rate of 1 euro = 110.265 CVE, ensuring stability and facilitating trade.
30/06/1997: Kuna becomes convertible currency
The Croatian Kuna became a fully convertible currency, allowing for free exchange and trade.
29/05/1994: Introduction of the Croatian Kuna
The Croatian kuna was introduced as the official currency of Croatia, replacing the Yugoslav Dinar.
17/11/1977: Introduction of the new escudo
A new version of the Cape Verdean escudo was introduced, replacing the previous version with a new design and updated security features.
05/07/1975: Independence of Cape Verde
The Cape Verdean escudo (CVE) was officially adopted as the currency of Cape Verde upon gaining independence from Portugal.