Convert Omani Rial to Cape Verdean Escudo
Please provide values below to convert Omani Rial [OMR] to Cape Verdean Escudo [CVE], or Convert Cape Verdean Escudo to Omani Rial.
How to Convert Omani Rial to Cape Verdean Escudo
1 OMR = 0.0040909608384927 CVE
Example: convert 15 OMR to CVE:
15 OMR = 15 × 0.0040909608384927 CVE = 0.0613644125773904 CVE
Omani Rial to Cape Verdean Escudo Conversion Table
| Omani Rial | Cape Verdean Escudo |
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Omani Rial
The Omani Rial (OMR) is the official currency of Oman, used for all monetary transactions within the country.
History/Origin
The Omani Rial was introduced in 1970, replacing the Gulf rupee at par, and has since been the standard currency of Oman, with its value stabilized through pegging to the US dollar.
Current Use
The Omani Rial is widely used in Oman for everyday transactions, banking, and trade, and is subdivided into 1000 baisa.
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.