Convert Cape Verdean Escudo to Armenian Dram
Please provide values below to convert Cape Verdean Escudo [CVE] to Armenian Dram [AMD], or Convert Armenian Dram to Cape Verdean Escudo.
How to Convert Cape Verdean Escudo to Armenian Dram
1 CVE = 0.244725858149787 AMD
Example: convert 15 CVE to AMD:
15 CVE = 15 × 0.244725858149787 AMD = 3.6708878722468 AMD
Cape Verdean Escudo to Armenian Dram Conversion Table
| Cape Verdean Escudo | Armenian Dram |
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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.
Armenian Dram
The Armenian Dram (AMD) is the official currency of Armenia, used for all monetary transactions within the country.
History/Origin
The Armenian Dram was introduced in 1993 following Armenia's independence from the Soviet Union, replacing the Soviet ruble as the national currency.
Current Use
The AMD is actively used in Armenia for everyday transactions, banking, and trade, and is managed by the Central Bank of Armenia.