Convert Cuban Peso to Cape Verdean Escudo
Please provide values below to convert Cuban Peso [CUP] to Cape Verdean Escudo [CVE], or Convert Cape Verdean Escudo to Cuban Peso.
How to Convert Cuban Peso to Cape Verdean Escudo
1 CUP = 0.255352562090571 CVE
Example: convert 15 CUP to CVE:
15 CUP = 15 × 0.255352562090571 CVE = 3.83028843135857 CVE
Cuban Peso to Cape Verdean Escudo Conversion Table
| Cuban Peso | Cape Verdean Escudo |
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Cuban Peso
The Cuban Peso (CUP) is the official currency of Cuba, used for everyday transactions within the country.
History/Origin
The Cuban Peso has been the official currency of Cuba since 1960, replacing the Cuban peso convertible (CUC) as the primary currency after the monetary reforms. It has undergone various changes in value and design over the years, reflecting Cuba's economic policies and relations.
Current Use
Today, the Cuban Peso is used mainly for domestic transactions, while the CUC is used for tourism and foreign trade. The CUP remains an essential part of Cuba's monetary system, with recent reforms aiming to unify the currency system.
Cape Verdean Escudo
The Cape Verdean Escudo (CVE) is the official currency of Cape Verde, used for all monetary transactions within the country.
History/Origin
Introduced in 1914, the Escudo replaced the Cape Verdean real and has undergone various reforms, with the current version established in 1992 to stabilize the economy and modernize the currency system.
Current Use
The CVE is actively used as the legal tender in Cape Verde, with banknotes and coins circulating nationwide, and it is pegged to the Euro at a fixed rate for stability.