Convert Solomon Islands Dollar to Cape Verdean Escudo
Please provide values below to convert Solomon Islands Dollar [SBD] to Cape Verdean Escudo [CVE], or Convert Cape Verdean Escudo to Solomon Islands Dollar.
How to Convert Solomon Islands Dollar to Cape Verdean Escudo
1 SBD = 0.0876763661628064 CVE
Example: convert 15 SBD to CVE:
15 SBD = 15 × 0.0876763661628064 CVE = 1.3151454924421 CVE
Solomon Islands Dollar to Cape Verdean Escudo Conversion Table
| Solomon Islands Dollar | Cape Verdean Escudo |
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Solomon Islands Dollar
The Solomon Islands Dollar (SBD) is the official currency of the Solomon Islands, used for all monetary transactions within the country.
History/Origin
The Solomon Islands Dollar was introduced in 1977, replacing the Australian dollar at par, to establish a distinct national currency following independence from British rule.
Current Use
The SBD is widely used in the Solomon Islands for everyday transactions, banking, and trade, and is pegged to a basket of currencies to maintain stability.
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.