History of Cape Verde return, Portugal signed the 1975 Algiers Agreement. On July 5, at Praia, Portugal's Prime Minister Vasco Goncalves turned over power to National Assembly President Abilio Duarte, thus the colonial history of Cape Verde ended when Cape Verde become independent. However, there was no armed conflict in Cape Verde and ultimately independence for Cape Verde resulted from negotiation with Portugal. However, the catalyst for the independence of Cape Verde was the PAIGC branch in Guinea-Bissau, which launched an ultimately successful war against the Portuguese in Guinea-Bissau, who eventually compelled Portugal to accept independence for Cape Verde. Immediately following a November 1980
Bank of Cape Verde Bank of Cape Verde The Bank of Cape Verde () is Cape Verde's central bank. Its headquarter is located on Avenida Amílcar Cabral, in the national capital of Praia on the island of Santiago. Its current governor is João António Pinto Coelho Serra, who is in office since December 2014. The government established the Bank of Cape Verde in 1975, as a bank that combined commercial banking and central banking functions. The government created the bank by nationalizing the operations of the Portuguese colonial and overseas bank, Banco Nacional Ultramarino, which had established its first branch in Cape Verde in