Cape Verde–European Union relations geographically in Asia, has already joined both the Council of Europe and the EU. Furthermore, the Cape Verde islands are part of the same island group as the Canary Islands (part of Spain), Madeira Islands (part of Portugal) and Azores Islands (part of Portugal), known as Macaronesia. There is currently no political recognition by the EU of Cape Verde as a European state, but unlike in the case of Morocco, there is no formal rejection either. Complementing Cape Verde's efforts to join the EU, the Macaronesian group of islands (the Azores, Madeira, and the Canary Islands) are throwing their support
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