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Cape Verdeans’ savings hit a record high with 10% growth by 2022

By Adnardo Barros

The savings deposits of Cape Verdeans in banks reached a record €82 million in 2022, a growth of 10% in one year, according to statistical data from the Bank of Cape Verde (BCV).

According to the Cape Verdean central bank's track record, savings deposits in Cape Verdean banks were valued at €60.6 million at the end of 2019, before the economic effects of the Covid-19 pandemic, a figure that rose . . .

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