Convert Cape Verdean Escudo to Tanzanian Shilling
Please provide values below to convert Cape Verdean Escudo [CVE] to Tanzanian Shilling [TZS], or Convert Tanzanian Shilling to Cape Verdean Escudo.
How to Convert Cape Verdean Escudo to Tanzanian Shilling
1 CVE = 0.0365693648999899 TZS
Example: convert 15 CVE to TZS:
15 CVE = 15 × 0.0365693648999899 TZS = 0.548540473499849 TZS
Cape Verdean Escudo to Tanzanian Shilling Conversion Table
| Cape Verdean Escudo | Tanzanian Shilling |
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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.
Tanzanian Shilling
The Tanzanian Shilling (TZS) is the official currency of Tanzania, used for everyday transactions within the country.
History/Origin
Introduced in 1966, replacing the East African Shilling, the Tanzanian Shilling has undergone various redenominations and reforms to stabilize the economy and modernize the currency system.
Current Use
Today, the Tanzanian Shilling is widely used in Tanzania for all forms of financial transactions, including cash payments, banking, and trade, and is managed by the Bank of Tanzania.