Convert Peruvian Nuevo Sol to Cape Verdean Escudo
Please provide values below to convert Peruvian Nuevo Sol [PEN] to Cape Verdean Escudo [CVE], or Convert Cape Verdean Escudo to Peruvian Nuevo Sol.
How to Convert Peruvian Nuevo Sol to Cape Verdean Escudo
1 PEN = 0.0378528254229011 CVE
Example: convert 15 PEN to CVE:
15 PEN = 15 × 0.0378528254229011 CVE = 0.567792381343516 CVE
Peruvian Nuevo Sol to Cape Verdean Escudo Conversion Table
| Peruvian Nuevo Sol | Cape Verdean Escudo |
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Peruvian Nuevo Sol
The Peruvian Nuevo Sol (PEN) is the official currency of Peru, used for all monetary transactions within the country.
History/Origin
Introduced in 1991 to replace the Peruvian Sol, the Nuevo Sol was established to stabilize the economy and control inflation. It has undergone several reforms and is now the stable currency of Peru.
Current Use
The Nuevo Sol is widely used in everyday transactions, banking, and financial markets in Peru. It is subdivided into 100 céntimos and remains the country's primary legal tender.
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.