Convert Cape Verdean Escudo to Kazakhstani Tenge
Please provide values below to convert Cape Verdean Escudo [CVE] to Kazakhstani Tenge [KZT], or Convert Kazakhstani Tenge to Cape Verdean Escudo.
How to Convert Cape Verdean Escudo to Kazakhstani Tenge
1 CVE = 0.175773814577745 KZT
Example: convert 15 CVE to KZT:
15 CVE = 15 × 0.175773814577745 KZT = 2.63660721866618 KZT
Cape Verdean Escudo to Kazakhstani Tenge Conversion Table
| Cape Verdean Escudo | Kazakhstani Tenge |
|---|
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.
Kazakhstani Tenge
The Kazakhstani Tenge (KZT) is the official currency of Kazakhstan, used for all monetary transactions within the country.
History/Origin
Introduced in 1993 following Kazakhstan's independence from the Soviet Union, the Tenge replaced the Soviet ruble and has undergone various redenominations and reforms to stabilize the economy.
Current Use
The Tenge is actively used in Kazakhstan for everyday transactions, banking, and trade, and is managed by the National Bank of Kazakhstan. It features modern security features and is available in both cash and digital forms.