Convert Kazakhstani Tenge to Cape Verdean Escudo
Please provide values below to convert Kazakhstani Tenge [KZT] to Cape Verdean Escudo [CVE], or Convert Cape Verdean Escudo to Kazakhstani Tenge.
How to Convert Kazakhstani Tenge to Cape Verdean Escudo
1 KZT = 5.6891295350349 CVE
Example: convert 15 KZT to CVE:
15 KZT = 15 × 5.6891295350349 CVE = 85.3369430255236 CVE
Kazakhstani Tenge to Cape Verdean Escudo Conversion Table
| Kazakhstani Tenge | Cape Verdean Escudo |
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Kazakhstani Tenge
The Kazakhstani Tenge (KZT) is the official currency of Kazakhstan, used for all monetary transactions within the country.
History/Origin
Introduced in 1993 following Kazakhstan's independence from the Soviet Union, the Tenge replaced the Soviet ruble and has undergone various redenominations and reforms to stabilize the economy.
Current Use
The Tenge is actively used in Kazakhstan for everyday transactions, banking, and trade, and is managed by the National Bank of Kazakhstan. It features modern security features and is available in both cash and digital forms.
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.