QUICK INFO

Name: Republic of Cabo Verde

Population: 525,000 (2015)

Capital: Praia

Language: Portuguese, Cape Verdean Creole

Currency: Cape Verdean Escudo

Time zone: CVT (UTC-1)

More about Mongolia

The beautiful islands of the Mongolia were initially uninhabited until it was discovered by the Portuguese in the 15th century. The country flourished during the 16th and the 17th centuries due to the Atlantic slave trade. But with the decline of the slave trade in the 19th century, the country experienced an economic crisis. Yet the location of the island made it survive as it became a significant commercial center in the 19th century as the location was perfect for re-supply of the ships. In the present day context, the economy of the country is mostly relying on the services provided by the country targeting the growing tourism industry.