Convert Cape Verdean Escudo to Bhutanese Ngultrum
Please provide values below to convert Cape Verdean Escudo [CVE] to Bhutanese Ngultrum [BTN], or Convert Bhutanese Ngultrum to Cape Verdean Escudo.
How to Convert Cape Verdean Escudo to Bhutanese Ngultrum
1 CVE = 1.08802838505039 BTN
Example: convert 15 CVE to BTN:
15 CVE = 15 × 1.08802838505039 BTN = 16.3204257757558 BTN
Cape Verdean Escudo to Bhutanese Ngultrum Conversion Table
| Cape Verdean Escudo | Bhutanese Ngultrum |
|---|
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.
Bhutanese Ngultrum
The Bhutanese Ngultrum (BTN) is the official currency of Bhutan, used for all monetary transactions within the country.
History/Origin
Introduced in 1974, the Ngultrum replaced the Indian Rupee as Bhutan's official currency, establishing a separate national currency to promote economic independence.
Current Use
The Ngultrum remains the official currency of Bhutan, widely used in everyday transactions, with coins and banknotes issued by the Royal Monetary Authority of Bhutan.