Convert Tongan Paanga to Cape Verdean Escudo
Please provide values below to convert Tongan Paanga [TOP] to Cape Verdean Escudo [CVE], or Convert Cape Verdean Escudo to Tongan Paanga.
How to Convert Tongan Paanga to Cape Verdean Escudo
1 TOP = 0.0253692770436983 CVE
Example: convert 15 TOP to CVE:
15 TOP = 15 × 0.0253692770436983 CVE = 0.380539155655474 CVE
Tongan Paanga to Cape Verdean Escudo Conversion Table
| Tongan Paanga | Cape Verdean Escudo |
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Tongan Paanga
The Tongan Paʻanga (TOP) is the official currency of Tonga, used as the primary monetary unit for transactions within the country.
History/Origin
The Paʻanga was introduced in 1967, replacing the Tongan pound at a rate of 1 Paʻanga = 10 shillings, to modernize Tonga's currency system and facilitate easier transactions.
Current Use
Today, the Paʻanga remains the official currency of Tonga, widely used in everyday transactions, banking, and trade within the country.
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.