Convert Moroccan Dirham to Cape Verdean Escudo
Please provide values below to convert Moroccan Dirham [MAD] to Cape Verdean Escudo [CVE], or Convert Cape Verdean Escudo to Moroccan Dirham.
How to Convert Moroccan Dirham to Cape Verdean Escudo
1 MAD = 0.0958455202116873 CVE
Example: convert 15 MAD to CVE:
15 MAD = 15 × 0.0958455202116873 CVE = 1.43768280317531 CVE
Moroccan Dirham to Cape Verdean Escudo Conversion Table
| Moroccan Dirham | Cape Verdean Escudo |
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Moroccan Dirham
The Moroccan Dirham (MAD) is the official currency of Morocco, used for everyday transactions and issued by the Bank of Morocco.
History/Origin
The Dirham was introduced in 1960, replacing the Moroccan franc, and has undergone various reforms to modernize and stabilize the currency, including decimalization and currency reforms in the 21st century.
Current Use
The MAD is widely used across Morocco for all forms of payment, including cash, electronic transactions, and banking, and is also accepted in some neighboring regions for specific transactions.
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.