Convert Cape Verdean Escudo to Barbadian Dollar
Please provide values below to convert Cape Verdean Escudo [CVE] to Barbadian Dollar [BBD], or Convert Barbadian Dollar to Cape Verdean Escudo.
How to Convert Cape Verdean Escudo to Barbadian Dollar
1 CVE = 46.99385 BBD
Example: convert 15 CVE to BBD:
15 CVE = 15 × 46.99385 BBD = 704.90775 BBD
Cape Verdean Escudo to Barbadian Dollar Conversion Table
| Cape Verdean Escudo | Barbadian Dollar |
|---|
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.
Barbadian Dollar
The Barbadian Dollar (BBD) is the official currency of Barbados, used for all monetary transactions within the country.
History/Origin
Introduced in 1973, replacing the Barbadian Pound, the Barbadian Dollar was initially pegged to the British Pound and later to the US Dollar, maintaining stability through various monetary policies.
Current Use
The BBD is widely used in Barbados for everyday transactions, banking, and trade, and is pegged to the US Dollar at a fixed rate of 2 BBD to 1 USD.