Convert Cape Verdean Escudo to Algerian Dinar
Please provide values below to convert Cape Verdean Escudo [CVE] to Algerian Dinar [DZD], or Convert Algerian Dinar to Cape Verdean Escudo.
How to Convert Cape Verdean Escudo to Algerian Dinar
1 CVE = 0.722977302464829 DZD
Example: convert 15 CVE to DZD:
15 CVE = 15 × 0.722977302464829 DZD = 10.8446595369724 DZD
Cape Verdean Escudo to Algerian Dinar Conversion Table
| Cape Verdean Escudo | Algerian Dinar |
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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.
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.