Convert Macedonian Denar to Cape Verdean Escudo
Please provide values below to convert Macedonian Denar [MKD] to Cape Verdean Escudo [CVE], or Convert Cape Verdean Escudo to Macedonian Denar.
How to Convert Macedonian Denar to Cape Verdean Escudo
1 MKD = 0.562262934405247 CVE
Example: convert 15 MKD to CVE:
15 MKD = 15 × 0.562262934405247 CVE = 8.4339440160787 CVE
Macedonian Denar to Cape Verdean Escudo Conversion Table
| Macedonian Denar | Cape Verdean Escudo |
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Macedonian Denar
The Macedonian Denar (MKD) is the official currency of North Macedonia, used for all monetary transactions within the country.
History/Origin
The Denar was introduced in 1992 following the independence of North Macedonia, replacing the Yugoslav dinar. It has undergone various redenominations and reforms to stabilize the economy.
Current Use
The Denar is actively used as the national currency for everyday transactions, banking, and trade in North Macedonia, with coins and banknotes issued by the National Bank of North Macedonia.
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.