Convert Cape Verdean Escudo to Indian Rupee
Please provide values below to convert Cape Verdean Escudo [CVE] to Indian Rupee [INR], or Convert Indian Rupee to Cape Verdean Escudo.
How to Convert Cape Verdean Escudo to Indian Rupee
1 CVE = 1.08798052491512 INR
Example: convert 15 CVE to INR:
15 CVE = 15 × 1.08798052491512 INR = 16.3197078737268 INR
Cape Verdean Escudo to Indian Rupee Conversion Table
| Cape Verdean Escudo | Indian Rupee |
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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.
Indian Rupee
The Indian Rupee (INR) is the official currency of India, used for everyday transactions and financial exchanges within the country.
History/Origin
The Indian Rupee has a history dating back to ancient India, where it was used as a silver coin. It was formally adopted as the official currency during British rule and has evolved through various denominations and reforms to its current form.
Current Use
Today, the INR is widely used across India for all forms of monetary transactions, both cash and digital, and is managed by the Reserve Bank of India. It is also accepted in some neighboring countries and is a recognized currency in international trade.