Convert Cape Verdean Escudo to Guinean Franc
Please provide values below to convert Cape Verdean Escudo [CVE] to Guinean Franc [GNF], or Convert Guinean Franc to Cape Verdean Escudo.
How to Convert Cape Verdean Escudo to Guinean Franc
1 CVE = 0.0108091796481777 GNF
Example: convert 15 CVE to GNF:
15 CVE = 15 × 0.0108091796481777 GNF = 0.162137694722666 GNF
Cape Verdean Escudo to Guinean Franc Conversion Table
| Cape Verdean Escudo | Guinean Franc |
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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.
Guinean Franc
The Guinean Franc (GNF) is the official currency of Guinea, used for all monetary transactions within the country.
History/Origin
The Guinean Franc was introduced in 1959, replacing the French CFA franc, following Guinea's independence, and has undergone various redenominations since then.
Current Use
Today, the GNF is used exclusively within Guinea for everyday transactions, banking, and trade, and is issued by the Central Bank of the Republic of Guinea.