Convert Nigerian Naira to Cape Verdean Escudo
Please provide values below to convert Nigerian Naira [NGN] to Cape Verdean Escudo [CVE], or Convert Cape Verdean Escudo to Nigerian Naira.
How to Convert Nigerian Naira to Cape Verdean Escudo
1 NGN = 16.2862044714362 CVE
Example: convert 15 NGN to CVE:
15 NGN = 15 × 16.2862044714362 CVE = 244.293067071542 CVE
Nigerian Naira to Cape Verdean Escudo Conversion Table
| Nigerian Naira | Cape Verdean Escudo |
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Nigerian Naira
The Nigerian Naira (NGN) is the official currency of Nigeria, used for all monetary transactions within the country.
History/Origin
Introduced in 1973, the Naira replaced the Nigerian pound at a rate of 2 Naira to 1 pound, and has undergone various redenominations and currency reforms since then.
Current Use
The Naira is widely used across Nigeria for everyday transactions, banking, and trade, with coins and banknotes issued by the Central Bank of Nigeria.
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.