In Cape Verde, the Cape Verdean escudo (CVE) became the national currency in 1914. It replaced the Cape Verdean real at a rate of 1000 réis = 1 escudo. The real was equal to the Portuguese real. Until 1930, Cape Verde used Portuguese coins, although in 1865, Portuguese notes were overstamped for use in Cape Verde, and in 1897, notes specifically designed for Cape Verde were introduced, in denominations of 1000, 2500 and 5000 réis. Notes for 10,000, 20,000 and 50,000 réis followed in 1909.