Convert Cape Verdean Escudo to Albanian Lek
Please provide values below to convert Cape Verdean Escudo [CVE] to Albanian Lek [ALL], or Convert Albanian Lek to Cape Verdean Escudo.
How to Convert Cape Verdean Escudo to Albanian Lek
1 CVE = 1.12700083816668 ALL
Example: convert 15 CVE to ALL:
15 CVE = 15 × 1.12700083816668 ALL = 16.9050125725002 ALL
Cape Verdean Escudo to Albanian Lek Conversion Table
| Cape Verdean Escudo | Albanian Lek |
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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.
Albanian Lek
The Albanian Lek (ALL) is the official currency of Albania, used for everyday transactions and financial exchanges within the country.
History/Origin
The Albanian Lek was introduced in 1926, replacing the Albanian franc, and has undergone several reforms, with the current version issued since 1992 to stabilize the economy after the fall of communism.
Current Use
The Albanian Lek is actively used as the primary currency in Albania for all forms of payment, banking, and financial transactions.