Convert Cape Verdean Escudo to Peruvian Nuevo Sol
Please provide values below to convert Cape Verdean Escudo [CVE] to Peruvian Nuevo Sol [PEN], or Convert Peruvian Nuevo Sol to Cape Verdean Escudo.
How to Convert Cape Verdean Escudo to Peruvian Nuevo Sol
1 CVE = 26.4181072040925 PEN
Example: convert 15 CVE to PEN:
15 CVE = 15 × 26.4181072040925 PEN = 396.271608061388 PEN
Cape Verdean Escudo to Peruvian Nuevo Sol Conversion Table
| Cape Verdean Escudo | Peruvian Nuevo Sol |
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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.
Peruvian Nuevo Sol
The Peruvian Nuevo Sol (PEN) is the official currency of Peru, used for all monetary transactions within the country.
History/Origin
Introduced in 1991 to replace the Peruvian Sol, the Nuevo Sol was established to stabilize the economy and control inflation. It has undergone several reforms and is now the stable currency of Peru.
Current Use
The Nuevo Sol is widely used in everyday transactions, banking, and financial markets in Peru. It is subdivided into 100 céntimos and remains the country's primary legal tender.