Convert Bulgarian Lev to Cape Verdean Escudo
Please provide values below to convert Bulgarian Lev [BGN] to Cape Verdean Escudo [CVE], or Convert Cape Verdean Escudo to Bulgarian Lev.
How to Convert Bulgarian Lev to Cape Verdean Escudo
1 BGN = 0.0177427471892599 CVE
Example: convert 15 BGN to CVE:
15 BGN = 15 × 0.0177427471892599 CVE = 0.266141207838898 CVE
Bulgarian Lev to Cape Verdean Escudo Conversion Table
| Bulgarian Lev | Cape Verdean Escudo |
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Bulgarian Lev
The Bulgarian Lev (BGN) is the official currency of Bulgaria, used for everyday transactions and monetary exchanges within the country.
History/Origin
The Lev was introduced in 1881, replacing the Bulgarian lev of the Ottoman Empire, and has undergone several reforms, most notably in 1999 when the current fixed exchange rate system was established to stabilize the economy.
Current Use
The Bulgarian Lev is the sole legal tender in Bulgaria, widely used in all financial transactions, banking, and commerce within the country, and is pegged to the Euro at a fixed rate.
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.