Convert Algerian Dinar to Cape Verdean Escudo
Please provide values below to convert Algerian Dinar [DZD] to Cape Verdean Escudo [CVE], or Convert Cape Verdean Escudo to Algerian Dinar.
How to Convert Algerian Dinar to Cape Verdean Escudo
1 DZD = 1.38316928704501 CVE
Example: convert 15 DZD to CVE:
15 DZD = 15 × 1.38316928704501 CVE = 20.7475393056751 CVE
Algerian Dinar to Cape Verdean Escudo Conversion Table
| Algerian Dinar | Cape Verdean Escudo |
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Algerian Dinar
The Algerian Dinar (DZD) is the official currency of Algeria, used for everyday transactions and monetary exchanges within the country.
History/Origin
The Algerian Dinar was introduced in 1964, replacing the Algerian franc after independence, and has undergone several reforms to stabilize the economy and control inflation.
Current Use
Today, the Dinar remains the official currency of Algeria, used in all financial transactions, banking, and commerce across the country.
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.