Convert Lebanese Pound to Cape Verdean Escudo
Please provide values below to convert Lebanese Pound [LBP] to Cape Verdean Escudo [CVE], or Convert Cape Verdean Escudo to Lebanese Pound.
How to Convert Lebanese Pound to Cape Verdean Escudo
1 LBP = 952.252262796089 CVE
Example: convert 15 LBP to CVE:
15 LBP = 15 × 952.252262796089 CVE = 14283.7839419413 CVE
Lebanese Pound to Cape Verdean Escudo Conversion Table
| Lebanese Pound | Cape Verdean Escudo |
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Lebanese Pound
The Lebanese Pound (LBP) is the official currency of Lebanon, used for everyday transactions and financial exchanges within the country.
History/Origin
The Lebanese Pound was introduced in 1939, replacing the Lebanese lira, and has undergone various devaluations and reforms due to economic challenges and political instability over the decades.
Current Use
Today, the Lebanese Pound remains the official currency of Lebanon, but due to economic crises, the country also extensively uses the US dollar for transactions and savings.
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.