Euro to Cape Verdean Escudo — exchange rate

Country of Circulation: European Union

Currency Code, Symbol: EUR, €

Denominations of coins in circulation: 1c, 2c, 5c, 10c, 20c, 50c, €1, €2

Denominations of banknotes in circulation: €5, €10, €20, €50, €100

History: The euro (sign: €, code: EUR, number: 978) is a currency unit that is used for payment on the Eurozone territory. It is used among the majority of European countries: in Germany, Austria, Spain, France, Greece, etc. A common abbreviation of the currency is EUR.Every euro is worth 100 cents. Sometimes the coins are called eurocents to avoid misunderstanding. The € currency was introduced in 2002 after the official establishment of the European Union. It has replaced a lot of European currencies: Greek drachma, Lithuanian litas, Slovak krona and so on. Introducing euro on a vast territory has allowed to remove transfer commission connected to conversion. Many preserved local currencies have a rate closely tied to EUR.Read More

Country of Circulation: Cabo Verde

Currency Code, Symbol: CVE, $

Denominations of coins in circulation: 1, 5, 10, 20, 50, 100

Denominations of banknotes in circulation: 200, 500, 1000, 2000, 2500, 5000

History: The Cape Verdean escudo (Esc) is the official currency issued and spread on the territory of Cape Verde. The currency is known under an abbreviation – CVE. Previously, one escudo could be subdivided into 100 centavos.Since 1994, 1 escudo has become the smallest coin of the country. CVE was established as a national currency in 1914. Afterwards, the banknotes have been re-issued several times. The latest series was issued in 2014. The 100 escudo coin is of great interest. It is a decagon made out of a metallic alloy, embellished with representatives of local flora and fauna.Read More