Convert Cape Verdean Escudo to São Tomé and Príncipe Dobra (pre-2018)
Please provide values below to convert Cape Verdean Escudo [CVE] to São Tomé and Príncipe Dobra (pre-2018) [STD], or Convert São Tomé and Príncipe Dobra (pre-2018) to Cape Verdean Escudo.
How to Convert Cape Verdean Escudo to São Tomé And Príncipe Dobra (Pre-2018)
1 CVE = 0.00421813767289896 STD
Example: convert 15 CVE to STD:
15 CVE = 15 × 0.00421813767289896 STD = 0.0632720650934844 STD
Cape Verdean Escudo to São Tomé And Príncipe Dobra (Pre-2018) Conversion Table
| Cape Verdean Escudo | São Tomé and Príncipe Dobra (pre-2018) |
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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.
São Tomé And Príncipe Dobra (Pre-2018)
The São Tomé and Príncipe Dobra (STD) was the official currency of São Tomé and Príncipe before 2018, used for everyday transactions within the country.
History/Origin
The Dobra was introduced in 1977, replacing the Portuguese escudo after independence. It was subdivided into 100 cêntimos. The currency underwent various inflationary pressures and was replaced in 2018 by the new Dobra (STN) at a rate of 1 new Dobra = 1000 old Dobras.
Current Use
The STD is no longer in use since 2018; the country now uses the new São Tomé and Príncipe Dobra (STN). The old STD notes are considered obsolete and are primarily of historical interest.