Convert Japanese Yen to Cape Verdean Escudo
Please provide values below to convert Japanese Yen [JPY] to Cape Verdean Escudo [CVE], or Convert Cape Verdean Escudo to Japanese Yen.
How to Convert Japanese Yen to Cape Verdean Escudo
1 JPY = 1.56223846311805 CVE
Example: convert 15 JPY to CVE:
15 JPY = 15 × 1.56223846311805 CVE = 23.4335769467707 CVE
Japanese Yen to Cape Verdean Escudo Conversion Table
| Japanese Yen | Cape Verdean Escudo |
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Japanese Yen
The Japanese Yen (JPY) is the official currency of Japan, used as the country's primary medium of exchange.
History/Origin
Introduced in 1871 during the Meiji Restoration, the Yen replaced the previous complex monetary system and has undergone various reforms, including decimalization in 1954, to modernize Japan's currency system.
Current Use
The Yen is widely used in Japan for everyday transactions, banking, and international trade, and is one of the most traded currencies globally.
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.