Convert Cape Verdean Escudo to Mongolian Tugrik
Please provide values below to convert Cape Verdean Escudo [CVE] to Mongolian Tugrik [MNT], or Convert Mongolian Tugrik to Cape Verdean Escudo.
How to Convert Cape Verdean Escudo to Mongolian Tugrik
1 CVE = 0.0264774311772775 MNT
Example: convert 15 CVE to MNT:
15 CVE = 15 × 0.0264774311772775 MNT = 0.397161467659163 MNT
Cape Verdean Escudo to Mongolian Tugrik Conversion Table
| Cape Verdean Escudo | Mongolian Tugrik |
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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.
Mongolian Tugrik
The Mongolian Tugrik (MNT) is the official currency of Mongolia, used for all monetary transactions within the country.
History/Origin
Introduced in 1925, the Tugrik has undergone various reforms and redenominations, especially after Mongolia's independence from China and during the transition from a socialist economy to a market economy.
Current Use
Today, the Tugrik is widely used in Mongolia for everyday transactions, with banknotes and coins circulating throughout the country. It is also traded in foreign exchange markets.