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
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