Brief Paper 4/1998: Acordo de Cooperação Cambial entre Portugal e Cabo Verde

Abstract:

An Exchange Cooperation Agreement was recently signed between the Republics of Portugal and Cape Verde. This agreement, which had been under negotiation for some time, was presented by the two signatory countries as a corollary to the exemplary nature of Luso-Cape Verde relations, especially in the area of economic and financial cooperation, and as an instrument for strengthening bilateral economic ties, especially as regards the intensification of trade and investment flows. But it is also an important milestone in the framework of the CPLP, in the sense that its results may come to enhance other bilateral or multilateral agreements. The Agreement, signed in March this year, will only come into force within a maximum of three months from the date it is signed, by which time the Exchange Cooperation Agreement Commission, the entity responsible for defining and reviewing the operating conditions, as well as for managing the Agreement, should already be performing its duties. If the specific operating conditions are not yet known, which does not allow a more concrete analysis of its virtualities, however, the characteristics which define its philosophy may be identified in the text of the Agreement itself. A summary of Acordo de cooperação cambial entre Portugal e Cabo Verde (Agreement on Exchange Rate Co-operation between Portugal and Cape Verde), entitled Moeda une Portugal e Cabo Verde (Currency unites Portugal and Cape Verde), was published in Informação Lusófona (UCCLA), no. 6, April 1998, p. 2.

Quotation:

Estêvão, João. 1998. “Acordo de cooperação cambial entre Portugal e Cabo Verde”. Instituto Superior de Economia e Gestão – CEsA Brief papers nº 4-1998.