Convert Cape Verdean Escudo to Mozambican Metical
Please provide values below to convert Cape Verdean Escudo [CVE] to Mozambican Metical [MZN], or Convert Mozambican Metical to Cape Verdean Escudo.
How to Convert Cape Verdean Escudo to Mozambican Metical
1 CVE = 1.4772760494355 MZN
Example: convert 15 CVE to MZN:
15 CVE = 15 × 1.4772760494355 MZN = 22.1591407415325 MZN
Cape Verdean Escudo to Mozambican Metical Conversion Table
| Cape Verdean Escudo | Mozambican Metical |
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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.
Mozambican Metical
The Mozambican Metical (MZN) is the official currency of Mozambique, used for all monetary transactions within the country.
History/Origin
The Metical was introduced in 1980, replacing the Mozambique Escudo, to stabilize the economy and modernize the monetary system. It has undergone several redenominations and reforms since its inception.
Current Use
The Metical is actively used as Mozambique's primary currency for everyday transactions, banking, and trade. It is issued and regulated by the Bank of Mozambique.