Convert Ugandan Shilling to Cape Verdean Escudo
Please provide values below to convert Ugandan Shilling [UGX] to Cape Verdean Escudo [CVE], or Convert Cape Verdean Escudo to Ugandan Shilling.
How to Convert Ugandan Shilling to Cape Verdean Escudo
1 UGX = 37.9439926713815 CVE
Example: convert 15 UGX to CVE:
15 UGX = 15 × 37.9439926713815 CVE = 569.159890070722 CVE
Ugandan Shilling to Cape Verdean Escudo Conversion Table
| Ugandan Shilling | Cape Verdean Escudo |
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Ugandan Shilling
The Ugandan Shilling (UGX) is the official currency of Uganda, used for all monetary transactions within the country.
History/Origin
The Ugandan Shilling was introduced in 1966, replacing the East African Shilling, and has undergone various denominations and reforms over the years to stabilize the economy.
Current Use
Today, the UGX is widely used in Uganda for everyday transactions, banking, and trade, and is managed by the Bank of Uganda.
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.