Flag of Cape Verde interpretations of the Pantone standards. Before independence from Portugal, Cape Verde did not have an official flag, and the Portuguese national flag was used. In the late 1960s, a flag for the Portuguese overseas province of Cape Verde was proposed, consisting of the flag of Portugal with the shield from the provincial arms added to the lower fly. However, this flag was never adopted. The original national flag of Cape Verde was introduced on independence in 1975, and was based on the flag of the Partido Africano para a Independência da Guiné e Cabo Verde (PAIGC). It used the common
Cape Verde–European Union relations Bosnia and Herzegovina. In terms of respect of democracy the Freedom house report ranks Cape Verde top in Africa and again Cape Verde has a better ranking than that of some designated "potential candidate or member countries" of the EU: Bosnia and Herzegovina, Croatia, and Albania. Most of the imports and exports of Cape Verde are for and from the European Union, and it has a service-based economy. Its currency, the escudo, is pegged to the euro. Although the Cape Verde archipelago is geographically in Africa, there have been similar situations before. Cyprus is an island nation that, despite being