Convert Cape Verdean Escudo to Jersey Pound
Please provide values below to convert Cape Verdean Escudo [CVE] to Jersey Pound [JEP], or Convert Jersey Pound to Cape Verdean Escudo.
How to Convert Cape Verdean Escudo to Jersey Pound
1 CVE = 126.958935566662 JEP
Example: convert 15 CVE to JEP:
15 CVE = 15 × 126.958935566662 JEP = 1904.38403349993 JEP
Cape Verdean Escudo to Jersey Pound Conversion Table
| Cape Verdean Escudo | Jersey Pound |
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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.
Jersey Pound
The Jersey Pound (JEP) is the official currency of Jersey, a British Crown Dependency, used for everyday transactions and financial purposes within the island.
History/Origin
The Jersey Pound was introduced in 1961, replacing the British Pound Sterling in Jersey, and has since been pegged to the British Pound at par, maintaining its value and stability as a local currency.
Current Use
Today, the Jersey Pound is widely used for all local transactions, with banknotes and coins issued specifically for Jersey, and it is accepted alongside the British Pound Sterling within the island.