Convert Eritrean Nakfa to Cape Verdean Escudo
Please provide values below to convert Eritrean Nakfa [ERN] to Cape Verdean Escudo [CVE], or Convert Cape Verdean Escudo to Eritrean Nakfa.
How to Convert Eritrean Nakfa to Cape Verdean Escudo
1 ERN = 0.159595351306607 CVE
Example: convert 15 ERN to CVE:
15 ERN = 15 × 0.159595351306607 CVE = 2.39393026959911 CVE
Eritrean Nakfa to Cape Verdean Escudo Conversion Table
| Eritrean Nakfa | Cape Verdean Escudo |
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Eritrean Nakfa
The Eritrean Nakfa (ERN) is the official currency of Eritrea, used for all monetary transactions within the country.
History/Origin
The Nakfa was introduced in 1997, replacing the Ethiopian Birr as Eritrea's national currency, to establish economic independence and stabilize the economy after independence in 1993.
Current Use
The ERN is actively used as the primary currency in Eritrea for everyday transactions, banking, and trade, with its value regulated by the country's central bank.
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.