council decis decemb exchang rate matter relat cape verd escudo ec council european union regard treati establish european commun articl thereof regard recommend commiss regard opinion european central bank council regul ec introduct euro euro substitut januari currenc particip member state convers rate commun compet monetari exchang rate matter member state adopt euro date council decid arrang negoti conclus agreement monetari foreign exchang regim matter portugues republ conclud agreement republ cape verd intend ensur convert cape verd escudo portugues escudo fix pariti euro substitut portugues escudo januari convert cape verd escudo ensur limit credit facil provid portugues govern portugues govern assur agreement cape verd substanti financi implic portug agreement materi effect monetari exchang rate polici euro area present form state implement agreement present obstacl smooth function econom monetari union agreement constru impli oblig ecb ncb support convert cape verd escudo modif exist agreement lead oblig ecb ncb portug cape verd continu present agreement substitut euro portugues escudo portug continu present agreement substitut portug cape verd implement sole respons commun inform regular basi implement envisag modif agreement modif implement agreement prejudic primari object commun exchang rate polici maintain price stabil accord articl treati involv compet commun bodi make natur scope present agreement appli principl free convert fix pariti euro cape verd escudo convert ensur limit credit facil provid portugues govern prejudic commun compet commun agreement econom monetari union member state negoti intern bodi conclud intern agreement decis establish preced respect arrang decid futur respect negoti conclus similar agreement monetari foreign exchang regim matter commun state intern organis adopt decis articl substitut euro portugues escudo portugues republ continu present agreement exchang rate matter republ cape verd articl portug cape verd sole respons implement agreement articl compet portugues author commiss european central bank econom financi committe inform regular basi implement agreement portugues author inform econom financi committe prior pariti euro cape verd escudo articl portug negoti conclud modif present agreement extent natur scope agreement chang inform advanc commiss european central bank econom financi committe articl plan chang natur scope agreement submit portug commiss european central bank econom financi committe plan requir approv council basi recommend commiss consult european central bank articl decis appli januari articl decis address portugues republ brussel decemb council presid bartenstein opinion deliv publish offici journal oj acordo de cooperação cambial entr república portuguesa república de cabo verd decreto nº de de julho