Convert Mozambican Metical to Cape Verdean Escudo
Please provide values below to convert Mozambican Metical [MZN] to Cape Verdean Escudo [CVE], or Convert Cape Verdean Escudo to Mozambican Metical.
How to Convert Mozambican Metical to Cape Verdean Escudo
1 MZN = 0.676921554628957 CVE
Example: convert 15 MZN to CVE:
15 MZN = 15 × 0.676921554628957 CVE = 10.1538233194344 CVE
Mozambican Metical to Cape Verdean Escudo Conversion Table
| Mozambican Metical | Cape Verdean Escudo |
|---|
Mozambican Metical
The Mozambican Metical (MZN) is the official currency of Mozambique, used for all monetary transactions within the country.
History/Origin
The Metical was introduced in 1980, replacing the Mozambique Escudo, to stabilize the economy and modernize the monetary system. It has undergone several redenominations and reforms since its inception.
Current Use
The Metical is actively used as Mozambique's primary currency for everyday transactions, banking, and trade. It is issued and regulated by the Bank of Mozambique.
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.