Convert Iranian Rial to Cape Verdean Escudo
Please provide values below to convert Iranian Rial [IRR] to Cape Verdean Escudo [CVE], or Convert Cape Verdean Escudo to Iranian Rial.
How to Convert Iranian Rial to Cape Verdean Escudo
1 IRR = 451.523802582678 CVE
Example: convert 15 IRR to CVE:
15 IRR = 15 × 451.523802582678 CVE = 6772.85703874018 CVE
Iranian Rial to Cape Verdean Escudo Conversion Table
| Iranian Rial | Cape Verdean Escudo |
|---|
Iranian Rial
The Iranian Rial (IRR) is the official currency of Iran, used for everyday transactions and pricing within the country.
History/Origin
The Iranian Rial was introduced in 1932, replacing the Iranian Toman. It has undergone several redenominations and inflation periods, with the current form established in 2002 to address hyperinflation.
Current Use
Today, the IRR is the primary currency used in Iran for all financial transactions, though the currency experiences high inflation and is often used alongside other forms of payment such as digital currencies and foreign currencies in certain contexts.
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.