Convert Cape Verdean Escudo to Uruguayan Peso
Please provide values below to convert Cape Verdean Escudo [CVE] to Uruguayan Peso [UYU], or Convert Uruguayan Peso to Cape Verdean Escudo.
How to Convert Cape Verdean Escudo to Uruguayan Peso
1 CVE = 2.33220677966943 UYU
Example: convert 15 CVE to UYU:
15 CVE = 15 × 2.33220677966943 UYU = 34.9831016950414 UYU
Cape Verdean Escudo to Uruguayan Peso Conversion Table
| Cape Verdean Escudo | Uruguayan Peso |
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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.
Uruguayan Peso
The Uruguayan Peso (UYU) is the official currency of Uruguay, used for all monetary transactions within the country.
History/Origin
Introduced in 1993 to replace the Uruguayan Peso Moneda Nacional, the UYU has undergone various redenominations and monetary reforms to stabilize the economy and control inflation.
Current Use
The UYU is widely used in Uruguay for everyday transactions, banking, and trade, and is also accepted in some border regions of neighboring countries.